I got a
Sabrent 4-drive M.2 to PCIe x4 v3 adapter mostly because I didn't just want to throw away all these nice 1TB and 2TB Samsung 970 EVO+ drives as I was upgrading to 4TB WD v4 units and looked for the most economic way to reycle them.
With the lower capacity SATA SSDs years before this was easy: 4-8x passive SATA chassis were cheap and then I'd just use a 2nd hand SAS RAID controller to turn them into a cache pool.
But sacrificing 4 PCIe lanes, perhaps even v5 lanes to a just a TB of storage wasn't economical while switch cost, cable extensions or M.2 to U.2 converions also added horrific costs.
It will only use two PCIe v3 lanes for each drive, but since the upstream port is limited to 4 lanes anyway that wan't too much of a loss, even if I'd have preferred full downstream lanes (at the same price ;-)
I also was going to intially use it to get 8TB of NVMe capacity when NVMe v4 SSDs still cost a kidney. But once the WD850 4TB v4 drive came at Samsung Evo+ economy (and those never went to 4TB), that no longer made sense.
At €150 it was an experiment worth making without provable benefits, the HighPoint at 10x is another matter.
I had at one point identified the PCIe switch maker in that device, but I can't remember more than it being an Asian company making two different devices for 8 and 16 PCIe v3 lanes total, but always with a fixed 4:1 up/down ratio at v3 speeds. And it could be the one that's also used in the cheap M.2 RAID NAS that made its round some months ago...