If all you want is a low-resolution monitor with good color calibration you can pick up an old Cinema Display for a couple hundred bucks that will do the same thing.
Really? I thought IPS didn't even exist in those days.
But I still doubt they manage the same quality and colour depth as a current midrange display. I have some old Eizos from that era and they're no match for my 200 euro 4K LG.
I'm not sure you know how built-in hardware calibration works. A built-in arm on the CG swings out at a set interval and automatically creates a LUT for the screen.