I think of it as a lab because it’s my sandbox for me to do crazy server stuff at home that I’d never do on my production network at work, and I think that’s why the name stuck, because back when systems were expensive as heck it was pretty much just us sysadmin guys hauling home old gear to mess with.
Depends on the drive too, I have some insanely loud Ironwolf drives and you would never guess they’re from the same manufacturer as my practically silent Exos X18s.