Get the ps5 with disc drive. It'll cost less in the long run. As soon as you find 2 games for $5 - $10 each that would otherwise be $60 - $70 digitally, you've made your money back. You'll never have to wait for digital sales again, either. Hard copies are cheap all year.

Series S is kind of a trap, imo, due to its low memory. As soon as you buy the expanded memory, you've already spent close to $400 which would get you a higher performing ps5 digital anyway.