Same question. I have been using multipass on my Mac (M1), and so far so good. The current limitation of multipass is that it only runs Ubuntu VMs. Also, setting up fixed IPs for multiple VMs is a bit tricky (if possible at all, I don't remember right now).

I have a bash script that uses multipass to setup a few VMs... but still it feels "primitive" compared to what I was using when I had an intel Mac (I was using Vagrant, but the Vagrant experience on M1 is awful: I have tried it with VMWare and it's not very stable in my experience).