This is a bit too simple -- see other discussion pages. For the 'what to fund' question, we need to consider the marginal benefit of funding on the probability and magnitude of success in fostering CM (sooner) and displacing animal products and animal suffering. This is discussed too much more detail in the specific PQ definitions, motivations and resources.
But "CM is plausibly able to achieve near price parity" seems highly correlated or causally entangled with "funding CM development (and supporting it politically) is likely to have high AW impact per dollar". IN particular, if it seems practically impossible for CM to ever get close to near parity. Then it seems unlikely that the CM project will be successful and thus a near guarantee that additional funding will have little impact.
But we should note or at least footnote that that's more of a necessary than a sufficient condition. CM funding could have a low impact/$ for other reasons, e.g., if, on the other hand CM is likely to be successful soon irrespective of this funding.