I use Plex because the whole experience looks and feels more polished than Jellyfin (that’s personal but even the name Jellyfin irks me, I hate jellyfish), which is something I value more than openness. Also I bought the Plex lifetime a few years ago during Covid and at that time Jellyfin was nowhere near Plex in terms of user friendliness, Plex already had a TV app, a mobile app with ability to download locally, a feature to share access to anyone with a Plex account, automatic metadata update, etc. I don’t know if Jellyfin has all that even today.
If I were to make a choice today I think my first choice would still be Plex.
Would you pay the $700 today as well?
Jellyfin has all those features now. Sharing servers is harder as you don't have centralized account mgmt, but you can use wizarr to make it simpler.
every jellyfin app nowadays not only has downloads, but unlike plex it even works relialby