I'm currently testing an M1-based Air to see if I'd like to purchase something similar. I can confirm this for sure; the project files that made my current, not-even-old Windows laptop with similar stats choke are running like a dream even on this Air.
BTW, if you have a license for Live 11, version 11.1 forward has a Universal build, so it can run natively on M1 Macs rather than through Rosetta. [0]
BTW, if you have a license for Live 11, version 11.1 forward has a Universal build, so it can run natively on M1 Macs rather than through Rosetta. [0]
[0] https://help.ableton.com/hc/en-us/articles/115001261150-Mac-...