This video seems to address a lot of the points you bring up:
It's not the original video I pulled my numbers from, just the most relevant one I could find. You can probably skip the middle section of the video, the first and last thirds of the video is where the relevant content to your inquiry is. Middle is just speculation.
Right off the bat his own system is idling at 100W in Linux, which is a fair bit above the "normal" 70W idle quoted by AMD and by LTT in Windows. But he's not presenting anything contradictory either.
When he briefly says "on the order of 1-2 watts" provided by AMD telemetry, he makes a passing reference to IOD but the power figures are referring to CCDs. It makes sense and is largely known CCD idle behaviour on consumer Ryzen, the cores are aggressively power gated and CCD power consumption is usually very low for anything Matisse-onwards. What he says about efficiency gap between Ryzen/EPYC is true, but irrelevant because both of them can and will idle their CCDs that low already.
That's not IOD power, and not IFOP power either. Both of those together account for the 70-75W in LTT's Bergamo review, AT and Phoronix' Milan review, AMD's official numbers, etc. Which also makes sense and is known IOD and Fabric behaviour in all of AMD's other chiplet CPUs. LTT video does not show specifically SOC Power, but the cores are clearly idling (~0.01-0.1W max) so the rest of the 70W can only come from one place.
Assuming that "1-2 watts" actually describes IOD (which is misleading I know, because it's all in the same same sentence from wendell) makes zero sense in the context of what everyone else (and what Wendell's own system) has shown about Bergamo/any EPYC/any Ryzen ever. If, theoretically, IOD and IFOP draw could reach sub-5W levels, then the rest of the 70-75W budget (in wendell's case, 100W) must be caused by the CCDs - which means that every Bergamo ever never idles its cores ever, the 4c CCDs are always under load, and AMD telemetry in all Ryzen and EPYC is unreliable and blatantly incorrect.
It's not the first time wendell has made misleading/incorrect statements in his videos, but he's not reading from a script so it's fully understandable, and doesn't diminish his expertise in any way.
Come on, man. Clearly it's not hard to see what he's actually getting at, given all the context of the other info. What you're suggesting requires at the very least, a fundamental ground-up redesign of Fabric and IOD. EPYC 9000 expands Fabric with more lanes (split into "P" and "G" links) but it is not that kind of redesign.