I have MacOS and Windows 11 on the same SSD ("bootcamp" style, I have Intel), and the quickest way to backup OS is using plain copy Linux style "dd" to an external SSD. Time Machine is more time consuming to restore from these days. That's one reason Time Machine, or any backup really, over network is just to be considered extra protection, not the first choice when having to restore anything.
Anyway, just wanted to chime in on Icloud - I have used it for years to store documents, and, for me, Icloud
silently fails to sync some files. Even if I give it days to catch up. I have no idea why. Some files were zipped, others were written in Pages and stored on Icloud. But Icloud folders, from 2 computers, didn't match - and they didn't match what was found on
https://www.icloud.com/iclouddrive/ either. I had to spend ages to remove everything from icloud and start all over, and now I think it syncs ok. But I only have 3GB of data there now, much of it zipped, not 40GB like I used to.
(I didn't lose anything I think - Time Machine saved me that time; another time Time Machine backed up everything
except my main user folder - what?? Maybe some program had changed some settings with my ok, fortunately discovered this after a few months)