The thing is, we don't know how *THIS* transition is going to play out yet. Like with the Intel transition, they're doing the lower-power systems first.
When the Intel transition happened, you had 64-bit CPUs at 2.7 GHz dual-socket or dual-core 2.5 GHz dual-socket setups supporting up to 16 GB of RAM with a *FAST* connection to the rest of the system in the Power Mac G5.
But the launch Intel Macs were 32-bit 2.16 GHz dual-core, topping out at 2 GB RAM with both the MacBook Pro and iMac.
The MacBook Pro may have been a *HUGE* boost compared to the PowerBook G4 it replaced; but the iMac was a sideways move at best compared to the iMac G5. It wasn't until the second generation that the Intel systems truly leaped ahead.
Same with the 68k to PowerPC transition. The launch lineup of PowerPC 601 CPUs topping out at 80 MHz were a bit anemic due to architectural issues, especially when you take in to account most software was still 68k code, and frequently slower than a 68040 at half the MHz speed. The later 603 and 604 systems are when its potential really took off.
We're seeing the same here. Yes, in some workloads, M1 is *WAY* faster than the CPU it replaced in the systems it replaced them in (like PowerBook G4 -> MacBook Pro.) But M1 isn't ready for the true Pro uses yet.
I'm sure it *WILL* be there. It just isn't yet.