Indeed!
It's to be expected wired IEMs like the N5005 and Truthear powered by an external amp would be able to reach a higher volume than a TWS model that has to cram everything into a tight space, but the N400 are loud enough for my ears, so looks like the extra $950 for the N5005 would be wasted on me

The responses are
pretty similar with the mid high filter, and according to the measurements
over here, the N400's distortion is actually quite a bit lower, with the N5005 reaching over 2% THD (and mostly more objectionable odd-order too, likely due to the BA drivers) at 94 dB at ~3 kHz, around where our hearing is most sensitive, which could be audible. So they may be able to output higher SPL, but I wouldn't call it clean exactly.