In my experience, there is an issue with every USB SSD not getting its full speed on the M1 Macs, even if they do connect at 10Gbps. I've tested 6 different external SSDs and seen drops of about 100-250MB/s (read speed is most affected) compared to a MacBook Pro 16.Mostly IO related. Only 2 external monitors on the M1 mini and only 1 on the M1 MacBooks. There seems to be an issue with some USB SSDs not getting full speed of 10 Gbps. Many issues with waking monitors from sleep. Those are the ones that I know of.
If there is a USB SSD that works with an M1 Mac, and has less than 5% drop in the speeds it can get on an Intel/AMD computer, please let me know!