No need to do that.
I have a 2012 Catalina Mini and it migrated eventually into the new M1 Mini.
All my apps and files were successfully transferred - there were some "intel apps" that did not work but that's because the M1 is not Intel.....
Just a bit frustrating on the transfer I found - startup screen data transfer didn't work, wireless sees each other but no go, Migration Assistant with wired network - no go, and for me the only way it worked was a TB3-TB2 adapter w/ Thunderbolt cable to make the physical connection.\
You may want to be ready with a USB-C cable between your devices instead of relying on wireless or wired network transfer...