It depends on which product you are talking about/ Many gaming GPUs are low-binned part that run particularly hot. Best parts are usually reserved for laptops. The M1 is roughly equivalent to a GTX 1650 Max-Q, which is an underclocked binned TU117 chip running at 35 watts. The desktop version is a lower quality part that has some of it's shader units disabled but runs a much higher frequency with the TDP of ~70Watts — and ends up being significantly faster most of the time
I found the Max-Q in Geekbench 5 OpenCL and performance is similar to the desktop version. Pretty good in that it uses half the power. I would consider an upgrade except for the GPU shortage.