I'm currently running an M1 most basic Mac Mini Apple offers, and just managed a session with 50 instances of Waves Abbey Road Plates, which my 6-Core i7 2020/2018 mac mini w/32GB of RAM and an eGPU cannot handle. BUT! It crashed in the process.
I'm with you on getting S1 to run natively in Big Sur on an Apple M1. YES, let's vote up M1 native support. After all, Logic is there. ProTools won't be for years at the rate they seem to evolve. heh.