In comparison, I think Arm is actually a very strong cautionary tale that focusing on power will not get you to performance. Arm processors remained pretty poor performance until designers from other CPU families entirely (PowerPC and Intel) took it on at Apple and basically dragged Arm to the performance level they are today.
Hugely underappreciated. Someone involved fully understood that "you don't get to the moon by climbing progressively taller trees".
The other two times Arm had great performance were the StrongArm, when it was implemented by DEC people off the Alpha project, and the initial ones, which were quite esoteric and unusually suited to the situation of the late 80s.
Banias was hyper optimized for power, the mantra was to get done quickly and go to sleep to save power. Somewhere along the line someone said "hey what happens if we don't go to sleep?" and Core was born.
https://stackoverflow.com/questions/45066299/was-there-a-p4-...
A lot of times the path to the highest performing CPU seems to be to optimize for power first, then speed, then repeat. That's because power and heat are a major design constraint that limits speed.
I first noticed this way back with the Pentium 4 "Netburst" architecture vs. the smaller x86 cores that became the ancestor of the Core architecture. Intel eventually ran into a wall with P4 and then branched high performance cores off those lower-power ones and that's what gave us the venerable Core architecture that made Intel the dominant CPU maker for over a decade.
ARM's history is another example.