As I said previously, you can use time machine, and it works fine. Due to universal binaries it just works.
I restored my 16" MacBook Pro to an M1 MacBook Air, and am using it now.
Office on first start up was the Apple Silicon version, and Chrome which I didn't use until the previous post and never updated, was also Apple Silicon version, so you are fine to use time machine to restore your intel machine to your new M1 Mac, with ZERO ISSUES!!!!
Universal binaires means if you are on either intel or Apple Silicone, the native app should work, and for me, it has.
I'm returning my M1 MacBook air as my drivers for my DJ controller are not ready yet, but if it was, I would be keeping my M1 as for me it's as fast or faster than my 16" for my needs.
If you are wondering how to restore your intel Mac, to you M1 Mac, time machine works perfectly fine. Just do it!!!!
Time machine/migration wizard same same, actually I think I did use migration wizard. It works. You will have the same intel Mac on M1 Mac.....if in doubt, you can just start again if it doesn't work, but I can say, it worked perfectly for me. My M1 Mac Air was a replication of my 16" intel, and the apps ran natively if the app was native for M1.
Apple has figured this out for us, use their tools.
It worked so well, that even my safari tabs were the same when I first ran it after install. I literally picked up from where I left off.
As I said, worst case is you start again, but I don't think you will, it should have the native apps working on your migration. You have 14 days to try it all out, if it don't work out for you, return it and wait, which I'm doing just because pioneer don't have drivers ready for controllers, but all my main DJ apps, Traktor, Serato and Rekordbox apps worked under Rosetta, but if the apps were native, like Chrome and Office, they ran the native version.