It depends on if the M1 can clock that much higher or not when given the thermal & power headroom. The M1 architecture internally could have other bottlenecks that limit how high it can clock.
See for example why clock speed records are filled with things like the AMD FX, even though Zen{+,2,3} is on paper (and in practice) a way better CPU - the older AMD FX just clocks really really well, even though it's otherwise a pretty crap CPU. Or for another example from history, the disaster that was P4 Prescott compared to the Core 2 that replaced it.