I would honestly just wait a little while longer. My main display (which is a 27" 1440p Dell) is connected to my M1 mini over HDMI and I haven't seen any issues throughout all of the 11.3 test versions that I tried. But I can't for sure say the problem is 100% solved because it doesn't always occur anyway. I can go days if not weeks sometimes without ever seeing a pink square. I've never had snow or any of those other things.
The other thing is that I really don't get what all the fuss is about? Sure, I know the issue should not be there. But it's there for a couple of minutes when the computer first starts and then goes away. The first time I ever saw it, I was concerned my video RAM was failing (main RAM I guess in M1), after a while it bothered me a little less, now not at all.
I think the main thing is buy one, if you see the issue report it to Apple so that it goes on record as having occurred within your warranty and then just get on with your life. If at some point in the future your machine completely fails, you've reported it, you should be covered.
I know people won't agree with this.
The other potential is to wait and go for an M1 iMac in a few weeks. No display issues there. Of course there could be other issues, but I doubt it, they've had 6 months to iron out issues in these systems by now and I'm sure the iMac will just be a Mac Mini PCB inside a screen (more or less).