We have seen this already in other threads, part of the problem is that volume is mapped differently, once you use max volume they become much closer in volume.... Which means you need to raise volume more on the 2021 if you are not at max volume. Of course this is just for volume, bass etc is another story and is due to the apparently different shape of the speakers...
Having to turn up the 2021 to Max volume to get a similar sound as the 2020 to me is BS. Its a worse speaker in the 2021 and that is unfortunate considering the price of the 2021 Model. Why Apple did this is beyond me and its not just the speaker itself, its the amount of speaker holes allowing sound to escape. Not something that is fixable with software and Apple did us dirty on this one.