as a FYI, M series macs cannot use USB C 3.2.2 Gen 2, even the new M4s. So no other drive saying "20 GB/s" will work either.
If you want faster, you will need TBolt. Its prob too late to return, but you could DIY a 1TB Tbolt 4 drive for under $150.. speeds are 2500-3000 MB/s. A baisc prebuilt 10 GB/s 1tb drive is half that, $70-80,