One thing that makes these ARM chips faster in some ways, even when swapping between memory and the hard drive, is that the HD is a super-fast SSD and close by so you don't get as big of a hit as other systems with spinning drives. So if you have a 512 or 1 TB SSD, it's "almost" like having a ton of extra RAM (yes, I know RAM is usually faster). In the old days, people would partition large drives into smaller volumes for faster access or to keep one for cache files or swapping. One for applications, one for scratch, one for this, etc. Since today's drives are usually SSD, this might not matter too much anymore since this technique was to address the amount of time the drive head would take to search a massive drive to access items scattered all over.
I personally would like to keep working on Macs, but am a little nervous about Apple's issues with the scaling of the new chips. Fingers crossed that the M3 line will be a huge jump in power.