I spoke to a Genius in the Apple Store today, who seemed more knowledgeable than most.
My issue is that my M1 Macbook Pro sometimes 'forgets' my 4K monitor on wake.
When I unplug and replug the monitor, it hangs for a few seconds, then kernel panics (pink screen) and restarts.
He said this sounds very much like a software level error, rather than hardware.
He thinks it's likely to get ironed out in an update - although conceded that this might not be soon, given that it affects a small number of users.
So, I don't think I'll gain anything by sending my Macbook away for 'repair'.
Two restarts a week is annoying, but I can survive.
And I'll likely sell up and buy a 16-inch Apple Silicon model when they're released.
I've had this problem with an M1 MBA (on the MBA display) and an M1 Mini driving a Sony Bravia TV.
Persistent problem with the MBA so I sent it for repair - nothing changed - so I sold it in annoyance !
Now I've had it twice in a month on the Mini - I can live with this. If MacOS 12 fixes this then I'll buy a new MBA when they launch next year.