but still a fair bit less than you would probably put in tubed 28mm tyres.
And there lies the rub, the lower pressure you need to run at mean you don't get the reduced rolling resistance benefit of tubeless (which is a benefit you get at equivalent pressure). Rolling resistance is an odd thing anyway as in a test lab / perfect road higher pressure + less resistance. on a real road up to a point running slightly lower pressure has an advantage of smoothing out road surface imperfections up to a point. Even lower pressure then starts to increase rolling resistance.
What you do get is a comfort benefit from being able to run quite low pressures without the risk of pinch punctures, with the knowledge that you might travel a bit slower for same effort.
Penetration punctures I personally wouldn't factor into it. A decent set of puncture resistance tyres will give you similar protection to your tubeless sealant in the on road environment. If one is getting frequent punctures on a tubed setup, then the tyres are wrong.
Offroad on 35mm+ gravel / MTB tyres
where you need to run lower pressure for grip away and then the argument swings in favour of tubeless as you all but eliminate the increased risk of pinch punctures at those pressures in a tubed set up, which is why the MTB world "invented" tubeless in the first place.
Just my view, but worth the OP considering before he spends money on a tubeless setup.