This is less M1 related and more related specifically to the TS3+ dock:
I've finally managed to get a triple 4K/60 HDR display set up working via HDMI, but using two TS3+ docks. The first fail was picking up a Sonnet Thunderbolt-3 to dual HDMI convertor from Amazon. The fail there was that one of the HDMI ports on it just flaked the hell out. It wouldn't keep a live HDMI connection up no matter what I tried. And in looking closely at the connector on the device, I can see it's a bit damaged. So I decided to use that convertor with one of the HDMI connectors vs both of them. I'll get to that in a moment.
I mistakenly tried this
StarTech DP to HDMI convertor to get HDR HDMI from the dock's DP1.2 port. Another fail. I may have just gotten a bad adapter, but it also couldn't keep a live HDMI connection running. And yes I tried all three of my displays and several different HDMI cables. It was the convertor. I've since thrown it into the electronics recycling bin because it's garbage.
After which, I contacted the folks at CalDigit's tech support. Everything I was reading was telling my DP1.2 can't be converted to HDMI and retain its HDR. I bounced that off of them, and the tech said, "Uh, no, that's not true. Have you tried
this adapter from UpTab?" I hadn't, and figured since its description said, "will only work properly with a DP1.4 host port" that it wouldn't work. CalDigit offered to send me one free of charge, and they did. BAM. Instant HDR from the TS3+'s DP port. It worked perfectly. So I bought a second one.
At present, I'm driving one of my displays from the half-broken Sonnet Thunderbolt-HDMI convertor, from one of the dock's Thunderbolt ports. The other two displays are powered off each dock's DP port. All three are showing HDR.
BTW I can't say enough good things about the folks at CalDigit. Apparently the CTO was so interested in my question that he's the one who authorized sending me that adapter.