The iPad Pro is a device that definitely can edit video, but I really only use it as a last resort. For me it has never been a question of power, but a question of comfort: the M1 could be the fastest CPU in the world, but what do I care when I can't run 32 bit software on it! And then there's the ergonomics... unless you're using a mouse/keyboard with the iPad, it's an insufferable experience: even then, it's not a given that your NLE of choice will even support keyboard shortcuts, and then we're back around to square one again...
Arguably, a lot of the same things that are wrong with 32 bit software. If we're being pedantic, both of them should still be supported: but they aren't.