My experience is that TM works fine with the M1.
It will recover your files, apps, settings etc etc but it won't recover the "system".
You need to re-install macOS first via the recovery utilities or via DFU mode (with a second Mac capable of running the later versions of Apple Configurator 2).
I've done this a couple of times and it was very successful with regard to the migration of data.
It will recover your files, apps, settings etc etc but it won't recover the "system".
You need to re-install macOS first via the recovery utilities or via DFU mode (with a second Mac capable of running the later versions of Apple Configurator 2).
I've done this a couple of times and it was very successful with regard to the migration of data.