Can you be more specific? Record and a vinyl album for personal use or a professional recording with artists?
Most commercial producers use higher-end ADCs even for voice audio work. Sweetwater tends to be my GoTo to start research. Their customer engineers/tech support are knowledgeable and honest. https://www.sweetwater.com
I think it's one of those things where, if your needs are professional grade, you'll want to get an external USB audio solution specifically geared for recording. Otherwise, the integrated audio ought to be fine for playback.
Internal soundcards (like the internal DAC -> headphone output) including in the M1 are almost never used for professional recordings. I believe there are studios experimenting with M1 Macs already (there still are some compatabiliity problems with plugins in DAWs, I believe). But they ALWAYS connect them to external sound interfaces (mostly via USB).
Bottom line: Generally speaking ALL Operating systems (including Windows and MacOS) and ALL PC's/Macs are not made with high-end sound in mind as a priority, but as general computing devices. The headphone output (and build in sound mixer in the OS) is nice for casual listeners or casual home recordings, but has nothing to do with quality sound or hifi. Good quality/professional sound is only achieved with external devices (external DACs/Soundcards, mixing consoles etc.).
So, has anyone ever recorded an album on an M1? With only the internal soundcard: probably at home in the bedroom for a hobby project. For all the other cases: I don't think so.
Also the days you remember with Turtle Beach and Sound Blaster: In those days those cards where very popular for home recording, but not used by professional recording studios either. Nowadays we are in a whole different universe of external (also affordable) sound cards, with much higher quality. But still, generally speaking, internal sound cards/dacs in general purpose computers are still (and always will be) crap.
It depends what you want to record, If you want to record some midi should be more than enough. If you want to record from mic or so, then you will need an small mixer or audio interface.