Even an M1 Mac should be able to see 3008x1692 on that list, but your M4 does not. This is the issue that we are discussing now.
What makes it even weirder is that the M4 Mac mini got a big upgrade for resolution support as compared to previous models. In fact, that's one reason I felt comfortable ordering the M4 at launch (and not the M4 Pro).The numbers I gave are the horizontal resolutions. I would have expected you to see at least a 3008x1692 or 3072x1728 option in that list. That may simply be hidden, though, and unlockable via a utility. Probably not higher, though.
Not to rejoice in your misfortune, but if the bug is even worse on Apple's own monitors, that gives me hope that they'll fix it sooner.
M1
2 displays - 6K60 Thunderbolt + 4K60 HDMI
M2
2 displays - 6K60 Thunderbolt + 5K60 Thunderbolt, or 6K60 Thunderbolt + 4K60 HDMI
M4
3 displays - Two 6K60 Thunderbolt + 5K60 Thunderbolt, or Two 6K60 Thunderbolt + 4K60 HDMI
2 displays - 6K60 Thunderbolt + 8K60 HDMI, or 6K60 Thunderbolt + 4K240 HDMI
I was 100% sure the M4 would support 3008x1692 on a 5K monitor, but I was wrong. This is my friend's M4 with 27" 5K Studio Display:

Anyhow, what I want is a 31.5" monitor, either 5K or 6K, at something like 2720x1530 or 2880x1620. I could consider running at 2560x1440 but that would not be ideal for me. From the sounds of it, I might be better off with a 5K monitor from a resolution support point of view, but it is likely the 5K 31.5" Acer gaming-oriented monitor will be lower quality than the new 6K 31.5" monitors coming out aimed at content creators. It's unfortunate that Apple will not support 2880x1620 on a 6K monitor (nor will BetterDisplay apparently), even though Apple supports 2880x1620 natively on a 5K monitor.
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