That specifically, though, might be a limitation of the M_ chips or the operating system that runs on them, not the capture card. Maybe Apple itself is saying "no" to everyone, to avoid a mess of:
"It works for me!"
"It doesn't work for me! I thought Apple was supposed to be reliable!"
Etc.
They do have a sort of "walled garden" approach, where everything in that garden is guaranteed to work smoothly. But the vetting that it takes to make that guarantee, means that there's not a lot in there compared to the rest of the world.
The M_ chips are NOT designed for performance, first and foremost. They're designed for low power. Battery life and all that. Then without sacrificing that, they made them as powerful as they could, which is not really a whole lot.
Does EVERY Mac have this problem? One OS to run on everything, and it's limited to keep the lowest common denominator running smoothly? Or do chips that ARE better optimized for performance regardless of power consumption, do more on MacOS than the new mobile ones do?