You'll get far faster transfer speeds, more ports, charging (and at full speed), proper display output (dual 4K/60hz) and better components/reliability. The CalDigit TS3 Plus[1] is what I've used for several years - first with a 2019 Intel MBP and now with my new 2021 M1 Pro MBP. It's pricey compared to a USB-C dongle, but rock solid.