It's closer to a RPi 4 than RPi 5 for CPU performance, and neither GPU has much in the way of video transcoding hardware. Something as simple as 1080p60 H.264 playback may be beyond the capabilities of that machine.
Where can you even find 60fps video of decent quality? That's framerate I associate more with gaming than video production. Surely 24fps is still the standard today? (I am very ignorant in this regard; please be kind.)
Personally, I often use my laptop to watch game footage (with commentary) on YouTube or Twitch. That’s not a use case everyone will care about, but it’s quite a popular one.
I think most people would generally expect their laptop (especially a high-end model) to be capable of playing a video shot on their phone. But today's low-end phones have much more powerful processors than that old laptop.
I don't think it's unreasonable for people to expect to be able to tag their photos on their laptop, no? It's a very common workflow which is nevertheless kind of a pain to do on a mobile device.