Trackpad available as well as keyboard with Touch ID, Logitech webcam for super picture, speakers - well anything you want, laptop display on standby if you ever need it. Basically the same setup since the mid 2014 Macbook pro upped its graphics capabilities. Still have my 2014 MacBook Pro and the laptop display is still quite good for basic stuff - can’t find anyone to replace the original battery which is getting iffy (Apple refuses to service). Love clamshell mode, although now have a Mac Studio + a laptop. . .I'm wondering who's actually running dual-external display with the lid closed?
You lose the keyboard, Touch ID, webcam, speakers, trackpad, and obviously the Retina display. So yes, technically, the M3 supports dual external display. But in practical terms, it really doesn't.