I'm glad to see some real-world individuals testing this. Will be interesting to see a "post-mortem" on why the M1 has done so well, and where the limits will be in the future (ie: how far can you get with DRAM-on-die?)
Any advancement in the storage hierarchy means reducing latency at one level or increasing the amount of memory at that level.
Most caches would use SRAM instead of DRAM, but the technology used doesn't define its role. Microcontrollers often have only embedded SRAM, serving as main memory.