Just deployed a few M1Pro MBP to graphic designers.
I got them the OWC Thunderbolt Hub.
It does seem overkill since a few can live off a Belkin Media Hub but once you start using RAID drives you will need the OWC for sure.
FYI the Belkin Media Hub is able to do ethernet, HDMI to 4K, and a USB3 LaCie.
One user has been doing this for weeks and so far its been smooth for her.