100% agree. My last MacBook Air M1 8 GB of RAM and I very much underspec'ed it because I hadn't anticipated the work I ended up using it for. Multiple user accounts open simultaneously, loads of design apps launched at the same time. It handled it quite well, though it would hit the wall at some moments (switching users, for instance, or opening a huge Illustrator doc). It definitely could've benefitted from more RAM but it still performed surprisingly well.All of the talk of SSD wear and premature SSD failure due to swap has not borne out in over 5-years of Apple silicon. Don't pay attention to memory pressure or swap. System responsiveness is the gauge that you need to monitor.
Anyway, every time I bothered looking it was of course using gobs of VM. At one point after a year of this use I got curious and compared the SSD wear to my iMac (which had 2x the RAM) and neither one was showing any appreciable wear at all.