Windows 10 and 11 require brutal hardware specs (TPM 2.0, Secure Boot, 4GB+ RAM). Windows 8.1 AIO runs beautifully on 2GB RAM and old Core 2 Duo processors. For converting old laptops into kiosks or dedicated media players, the AIO gives you the flexibility to choose the lightest edition (Core or Single Language).
The boot.wim (the Windows PE environment that runs the setup) is not usually AIO. It is a generic recovery environment that calls the install.wim. This means a properly constructed Windows 8.1 AIO will work via USB 3.0 and UEFI (with CSM) or Legacy BIOS.
Similar to Windows 7, Microsoft offered a paid ESU program for Windows 8.1. However, this program is strictly volume-licensed and temporary. Organizations relying on Windows 8.1 AIO deployments must have a valid ESU key to receive critical patches.
The Windows 8.1 AIO is not a unique version of the operating system; rather, it is a repackaging of standard Microsoft binaries.