Yes, M1 only scales horizontally, by increasing the number of clusters. The clusters themselves are “locked” and will perform the same in all M1 chips. Some folks familiar with chip design speculated that this is how Apple achieves their superior power efficiency: by optimizing the very layout to max out at a relatively low speed. These chips can scale down very well (I remember seeing that M1 has a power level with something really ridiculous like 50mhz), but it cant be pushed higher even if there is enough thermal headroom. This is very different to x86 designs.
I question this.
It's not that you don't design towards a target frequency, you do, what I take issue with is the assertion that Apples SoCs somehow can't run at higher frequencies.
Because that assertion requires that:
a) Apples SoCs aren't subject to the general stochastic performance spread that all other logic chips are. The distribution function is roughly similar in all examples I have seen, and I have never seen an explanation as to why Apples SoCs should be any different.
b) The properties of a process vary with voltage/frequency/temperature regardless of the specifics of the logic design. Again, this makes the end result behave similarly. How Apples SoC specifically would not be subject to this is also something I've never seen an argument for.
So my impression is that this is an assertion put forth primarily by x86 fans who want to believe that Apple can't do the same things as is done in x86 space, and the only "proof" of that assertion is that Apple isn't doing it - ignoring that the underlying process technology says "of course they can".
Note that Apple isn't doing that anywhere, not with their phone SoCs, not with their Mac SoCs, nowhere. It's just not part of their current business/market segmentation plan.
Also note that there can certainly be a bit of variability in how different logic designs spread due to manufacturing and operating parameters! But we have no way of knowing if Apples SoCs are particularly different in those respects. They seem to power/clock scale like their competitors in mobile space for instance, so why would the same designs in Macs be any different, really?