Is it possible to install previous macOS version on newest macbook model? I see people having terrible experience with macOS Tahoe yet I am considering purchasing a macbook..
On all others, including the M4 MacBook Air and the M4 Pro/Max MacBook Pro currently for sale: yes. At most you'll have to make a bootable USB if it's already got Tahoe installed, you can even install in place (but some things might break, of course)
Downgrading a M5 machine to 15.x would be impossible not because of a signing issue but because Apple never released a 15.x build that supported M5 hardware.