So this seems to now be fixed (by Google). I'm now running Chrome Version 88.0.4324.96 and I don't have any lacking video / sound in Google Meet with IPv6 enabled (tested on M1 and Intel based systems running Big Sur 11.1)
NOTE: I've also tested M1 and Intel Chrome versions on their intended architecture.
I'm now running fully on my M1 based system and have all my software packages (non-Apple) running smoothly. These are truly superb systems. The step up to my M1 MacPro 13 from my previous 2015 MacPro is astonishing. The performance is better than that of most of the desktop systems I have in circulation (Linux & MS based Intel Xeon Silvers mostly with GTX 1660 Supers).
I've been using Macs since they became BSD based with Mac OS X 10.0 (Cheetah) . This latest step to their own M1 chip had me worried but I'm more of a fan now than I was before (no financial incentive from Apple in my statement - but I'm willing to try out the Mac Pro M1 free of charge when you're ready Apple)!