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I haven't noticed any performance degradation which is counter intuitive because I really expected there to be one. The Samsung T5 - T7s have been great in my experience. As for the cloud .. well that has it's own challenges too. Currently I'm trying to deGoogle myself and not doing a great job at it.

To address any conventional SSD vs NVMe SSDs performance gap maybe consider and external NVMe SSD!

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The internal SSD in M1 Macs is actually superior even to NVMe, since the controller is integrated directly into the CPU.

It has about the same performance as a normal PCIe 3.0 4x NVMe drive.

Even latency/at low queue depths? I’d expect it to have stunning low latency compared to standard nvme honestly.

The analog parts are the slow parts.

PCIe costs you less than a microsecond of latency. A good SSD has 60 microseconds of latency. You're not going to notice any difference from moving the controller.

[Citation needed]

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