I feel like I accidentally discovered a huge hack for this by upgrading to a 49" DQHD monitor. It's the exact same resolution as two 27" 1440p monitors so it's like any Apple silicon chip has always supported dual external displays. And it was a much better overall value compared to buying 2 displays + over-specced macbook.
Do you mind sharing the monitor model? Found the Samsung LC49G97TSSNXDC for $999[1], but also a reddit thread about some issues with it and a 2019 MacBook Pro[2] (which is admittedly Intel rather than Apple silicon-based).
Samsung CRG9 (previous sale at Costco for $749, currently $849) connected through HP USB-C Dock G5 (models are confusing, exact one I bought was https://www.amazon.com/gp/product/B07RGC9QSL/). I'm using original base M1 Macbook (currently $749 at Costco) and have had zero issues with the monitor. Without the dock you might need a USB-C to DisplayPort adapter like mentioned in reddit comments you linked to, but I already had the dock from a previous workstation and everything just worked when I plugged it in.
Considering minor Macbook upgrades can get you into >$1500 price territory pretty easily I think this a fantastic value. If you wanted to buy my full setup right now it would be $849 + $749 + $145 = $1745 but you're getting “dual” monitors and dock that can be reused with any modern machine, making it easy to switch between work and play. I can even plug my Steam Deck into it. :) (No affiliation with any of these products!)
I have two Samsung Ultrawides, one at home, one at work. They both work perfectly fine with my M2 Max MBP, including at 120Hz. I have connected them directly and via a Lenovo TB4 docking station. No issues either way.
One thing you should be aware of is that having two seperate monitors can be an advantage for Window management on macOS. With two monitors, I can swap spaces on one of them and keep everything as is on the other. With only one it's not that easy.