Neither would I for anything more than test. But now it appears it's not unlicensable per Microsoft.
Microsoft apparently doesn't care. It's Qualcomm that cares as they got exclusivity for a while. But they are doing nothing to enforce it. That Parallels, a commercial company, has a one-click install would seem to me to be in a shady area of providing tools to break a licensing agreement is a head-scratcher.
I think that Microsoft benefits from non-enforcement as it gets it in the hands of more users and maybe even some customers. It might also make it easier for their own employees to develop and test on it as Apple Silicon runs it better than Qualcomm right now.
I ran TurboTax on my M1 mini last year. I can move everything to other machines if necessary. I normally keep about 10 years of returns files and keep the installers around as well. If you really want to be safe and secure, you can order the CD version which can install on Windows or Mac so that you have more options if your environment changes.