I've got a top end gaming pc and a ps5. It's a tough question.
Consoles are plug and play and you know games will work, and you'll play them from your couch. There are usually pro versions mid life cycle but until then, no way to upgrade it and it the mrs (or mr) is watching tv you can't play.
Gaming PCs perform better - graphic cards aren't cheap and although Consoles can do 60fps at 4k, they sacrifice quality in order to do that. I just got horizon for Ps5 and it's amazing but you have to decide between 60fps or better visuals which is mad. On pc if my frame rate isn't 144hz it's usually because graphics are at insane levels or it's a very modern game (my monitor is 144hz but it's 1600p resolution so takes a lot of grunt). 60fps on a console and 120fps etc compared to the same in a pc is very different - the entire console costs less than the graphics card so stands to reason something has to give - draw distance, texture quality etc.
Most games come out on pc, either console ones via gamepass or even won't but hitters like god of war and horizon, but takes a bit for them to do so in some cases
FPS games are just better on mouse and keyboard, no one can ever convince me otherwise. Console gives you aim assist which says it all.
Gaming PCs can also be used to emulate older games consoles as well. But a good one will cost more than a ps5, but it can do more as well.
I do love consoles but I can count on 2 hands how many times I've turned my Ps5 on since I got it (day 1 launch) while waiting for horizon to get released.
Gaming PCs ultimately cost more, but can do more and can be modularly upgraded. Consoles have some exclusives and rely on couch play for most people. So depends how you play and what you play.