I am curious about the devices inside the OWC hub. Can you show a screenshot of the Thunderbolt and PCIe and USB tabs in System Information.app? I believe there may just be a usb bus/controller since the hub doesn't have any other ports.My Thunderbolt Hub pre-order arrived today. I confirmed that it works with the M1 MacBook Air. It also appears to work fine with my TB3-equipped 2018 HP EliteBook 840 G5, though HP’s Thunderbolt software reports that the hub “is not certified for PC use.” I do see that new orders won’t ship until February, though their new Thunderbolt Dock appears to be in stock and shipping.
Something to point out is that the Thunderbolt Hub does not work unless it is plugged into the rather bulky power supply (i.e. it won’t work off bus power). OWC should be more clear about that.
The following command will dump the Thunderbolt info from ioreg of an M1 Mac to a text file (it includes info for all the devices inside the connected Thunderbolt devices):
{ ioreg -filrw0 -c "AppleThunderboltGenericHAL"; ioreg -filrw0 -c "AppleT8103PCIeC" } > ioreg_Thunderbolt.txt
The command will show how many DisplayPort Out Adapters it has. It's either 2 like most previous Thunderbolt docks, or 3 because the hub has 3 downstream Thunderbolt ports.
There's only one method I know that might possibly be able to put more than 2 DisplayPort connections on a single Thunderbolt cable - the Blackmagic eGPU. With a Blackmagic eGPU connected to an Intel Mac, two DisplayPort connections can come from the Mac's GPU, and two can come from the Blackmagic eGPU. We've already seen that with the Blackmagic eGPU connected to an M1 Mac, it is able to pass the DisplayPort from the M1 Mac through the Blackmagic eGPU. We haven't seen if that's possible with an Intel Mac because no-one has tried connecting 2 or 3 Thunderbolt docks to the eGPU and connected 3 or 4 displays to them (they need to be 1440p HBR 1080p RBR displays in order to fit 3 or 4 of them). It may be that the macOS software will not allow it.