Agreed. I’ve said similar on another thread.
This conclusion is quite obvious when you study the history. The fact that Baphomet has no history points to it being modern.
I’m also inclined to believe it’s not a noun, but what NLP practitioners call SPE (a state, process, or experience). The image given to Baphomet is cobbled together from multiple sources, including Enki (as Capricornus), Metis and Pan, but those are personifications of a being that lives more in action than in identity. Baphomet in ritual just feels like a wave of tantric energy, not a being or persona.
I’ve attended a Baphomet ritual carried out by Andrieh Vitimus who has dedicated altars to the Baphomet and has been conjuring it for decades, so i’ve felt the energy and seen it in action. I agree with your take on the entity, it should be apparent to anyone who has worked with it what they’re dealing with.