M1 appears to be decent and you'll have no issue with Logic. But Protools isn't officially supported, even though there are now a few posts on the Avid forums where a few users have it "running" via Rosetta, and it's possible you might have support issues with plug-ins (AVX/AVX2 instruction set support) and external hardware (Audio I/O etc).
Also the M1's 16GB RAM is a hard limit, so it's worth thinking about especially if you're using lots of sample libraries (RAM is king here), otherwise you'll be doing a lot of freezing/bouncing down.
Personally, if you can hold off for 6 months then do so as there should be more details on Avid's native release of Protools as well plug-in and hardware support and possibly updated Apple Silicon hardware (32GB variants maybe).
If you're really desperate, i would personally get the best Intel system you can as it'll just work and will be supported for a fair few years yet.
If you do opt for a M1 system, just know that it's a gamble and make sure you thoroughly test your workflow (DAW, plug-ins, hardware etc) as much as you can within the Apple returns window and prepare for things to not work.
