With the current Minecraft monthly updates, paper is always behind on the latest features. There are also minor problems that paper introduces with its performance improvements.
Years ago paper was critical for a good Minecraft experience, but a newer PC (newer than 6 years old) runs great on vanilla.
So you are leaving your laptop behind as the server?
What’s your budget? I’d build a separate server but that’s me. I would think you could get old hardware practically free that would run your services fine by checking Craigslist and your local recycling center.