Same question. I have been using multipass on my Mac (M1), and so far so good. The current limitation of multipass is that it only runs Ubuntu VMs. Also, setting up fixed IPs for multiple VMs is a bit tricky (if possible at all, I don't remember right now).
I have a bash script that uses multipass to setup a few VMs... but still it feels "primitive" compared to what I was using when I had an intel Mac (I was using Vagrant, but the Vagrant experience on M1 is awful: I have tried it with VMWare and it's not very stable in my experience).
Have you seen https://multipass.run/docs/configure-static-ips for configuring static IP's? It's kind of Linux-centric as far as setting up the bridge on the host is concerned, but as long as you create a bridge as you see fit on any host, then the rest of the instructions should work.
Would you mind expanding some more on your use case and what is missing in Multipass? If it's static IPs, then as mentioned in https://news.ycombinator.com/item?id=36693413, there are ways to accomplish this.
With my limited use cases, I've found multipass to be really comfortable. Was really easy to get into and make work. I'm not passionate about Linux distros, so Ubuntu is fine for me.
I have a bash script that uses multipass to setup a few VMs... but still it feels "primitive" compared to what I was using when I had an intel Mac (I was using Vagrant, but the Vagrant experience on M1 is awful: I have tried it with VMWare and it's not very stable in my experience).