Recommended hardware for dedicated 50 slot server

Fellow exiles, I need your help!

We are a group of exiles who want to establish our own server. We both have the knowledge and the connection to do so, and the opportunity to buy some outdated server hardware.

Unfortunately I keep reading that Ghz is more important then the number of Cores, due to the nature of the UE4 engine, and if this holds true, it kind of defeats the opportunity to buy said server hardware (Some dual Xeon (4 cores) 2.2Ghz IBMs)

So what are your experience with server performance/hardware specs and number of supported slots?

Or put simply, should we ditch the idea of buying old server hardware, and instead look for an i7-4790k to do our bidding?

Thank you.

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