Not exactly what you're describing, but I've been running my band directly into Logic Pro on an M1 (both for recording, and live shows). Dry signals go through amp sims and effects processors, and then route to both a FOH mix and an in-ear mix all on the laptop.

Wish I had seen the OP's project months ago, but one bonus of the setup I describe is the ability to swap effects after the fact (by virtue of having the dry signal) and the ability to automate effects (so I can engage distortion etc as soon as we hit measure XYZ instead of having to click a pedal)