For your information about 2 my setups..
Setup 1: (for my office, with my M3 MBA)
I am using Apple Thunderbolt displays - they can be daisy chain together (via Thunderbolt 2 cable in between). This will only take 1 precious Thunderbolt port.
I also have an old Apple wired keyboard (with 2 extra USB port, as this keyboard can support low wattage peripheral, like mouse) -- via adapter to the USB-C/Thunderbolt: I can achieve with 2 Thunderbolt/USB-C connection. However, I would need to connect the Magsafe power for the clamshell mode.
Setup 2: (Home, mainly for Mac Minis)
I have 2 Thunderbolt 3 dock (OWC) and 1 Caldigit TS4
I like this set up much better, because these hubs can provide power through TB cable (OWC is 85W and Caldigit TS4 is 98W) ~ I only need to attach a single Thunderbolt cable for MBA working in clamshell mode.
Personally, I really like my #2 setup, especially when I need to switch between different machines (M1 MBA, M3 MBA and M2 Mac Mini Pro). Oh, the ethernet is connected to the hub, so no worry about wifi stability at all.
Best