Apple has just designed the CPU cores with the highest IPC among all known until now.
The highest IPC is the best choice for minimum energy consumption in a CPU with few cores, like a mobile phone or light laptop CPU, because it allows the same performance at a lower clock frequency.
A higher IPC requires more transistors and more money spent for the design of the core. Apple has been rich enough to afford both the design cost and the cost of being able to use exclusively more advanced manufacturing processes.
When the IPC is increased to very high values, the area and the power consumption are increased by greater factors than the increase in performance.
Therefore, for a CPU with many cores, like a server CPU, the highest IPC is not the best. There will be a lower IPC that is better, because it allows packing more cores in a given chip area and a given thermal design power, leading to a higher aggregate performance for multi-threaded tasks.
The optimum IPC depends on the characteristics of the CMOS manufacturing process. Unfortunately, the design rules of the up-to-date CMOS processes are secret and in recent years the CPU manufacturers have published much less information about their designs than it was customary decades ago.
Therefore, based on the publicly available information it is impossible to estimate which would be the optimum IPC for a CPU with many cores.
Nevertheless, it is likely that the IPC of the big Apple cores is too high and even the IPC of the big Intel and AMD cores is likely to be too high.
The IPC of the Zen 4c cores may be closer to optimal in the current technology, but the companies which design CPU cores probably cannot afford to explore enough of the design space to determine which would be a really optimum IPC.