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Credit to @Starelementpokeand @Energycore for helping out with this long-awaited refresh of the old PSU tier list by Aniallation (who previously went several months without logging in), leaving the old list in need of help. This is simply an update of the list that was flawed in creation by the P...
Do not go cheap on a psu.
Look at something like a seasonic focus 550w
2 issues I see are single channel ram and the PSU.
With Ryzen you want/need dual channel for best performance.
The PSU is not a good place to skimp and that PSU is not a good unit. Problem is right now PSU prices are nuts. Even a decent budget model like a CX 450(is enough for the rx 5500 or 1660) is $70 and the 550w version is $80.