You can actually get to 2TB for roughly that price these days, but I guess still not enough for your Time Machine though...
Also, as John alluded, not sure SSD tech is good for that kind of use (w/ lots of rewriting) anyway... although the swap space in any system SSD would also get lots of rewriting, which used to concern me (and still make me wonder a bit)...
Yeah, 2TB is probably enough for Time Machine. I bought a 4TB spinny disc to have overkill storage at loss of speed.
I’m in a frustrating place of not really sure what I need or how much I should spend on it. I finally made myself stop analysis paralysis and just bought normal hard drive to get on with life.
I’m not really sure I even need Time Machine. But I need an external drive to force iCloud to download my complete Photos Library for a backup. So I might as well get a big TM replacement for my recently failed drive.