From the description of TVE, the required hardware includes:
c. Linux PC or NAS using a 64-bit Intel CPU
I'd guess this is to support hardware decode/encode, which is something being actively pursued with the Pi4. So stay tuned. You could allocate another PC to this task for a couple months and revisit. For standard MPEG2 stream DVR functions, as well as limited live transcoding, it's already working great for me.