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Sony’s PlayStation Portal gives a confusing first impression
(www.theverge.com)
This is a most excellent place for technology news and articles.
Switch lite is a much smaller screen and also 720 instead of 1080p. So yes, you could spend the same to get a switch lite, but if you don't plan on buying Nintendo games, why on earth would you? The controller is nowhere near comparable to a ps5 controller and all other aspects of gaming around the house would also be worse.
Buying a PS5 controller is like $80, so at this point you'd be spending another $120 for the nice screen and big battery.