Has anyone tried booting from external drive on M1 Mac with Big Sur or even an older OS? It appears it is possible:
"In reduced security mode, you can boot any supported version of macOS, even if Apple’s no longer signing it. And if an app or accessory you rely on uses a third-party kernel extension to enable functionality, you’ll need to use this mode."
9to5mac.com
"In reduced security mode, you can boot any supported version of macOS, even if Apple’s no longer signing it. And if an app or accessory you rely on uses a third-party kernel extension to enable functionality, you’ll need to use this mode."

Apple Silicon Macs will offer new macOS Recovery options, replace Target Disk Mode with Sharing Mode - 9to5Mac
In a new WWDC session video today, Apple has elaborated on the system architecture of the forthcoming Apple Silicon Mac...
