On Apple Silicon Macs, the machine is never going into that deep a sleep to wake up from (it's basically a huge iPhone, remember?) and Wake for network access is not for Wake on LAN but rather if you want it to keep WiFi running to get push notifications etc while in "sleep" (the description under it in Settings even says it's for iMessage and iCloud updates).
Marcan has talked about Apple Silicon sleep states wrt to implementing it in Asahi Linux and IIRC they never put the machine to sleep, they just stop all the processes and hardware like the display and let the CPU idle normally (which it's extremely efficient at)
On Apple Silicon Macs, the machine is never going into that deep a sleep to wake up from (it's basically a huge iPhone, remember?) and Wake for network access is not for Wake on LAN but rather if you want it to keep WiFi running to get push notifications etc while in "sleep" (the description under it in Settings even says it's for iMessage and iCloud updates).
Marcan has talked about Apple Silicon sleep states wrt to implementing it in Asahi Linux and IIRC they never put the machine to sleep, they just stop all the processes and hardware like the display and let the CPU idle normally (which it's extremely efficient at)