@Jakers777 @sjordi : I just tried again on my updated M1 with 12.1 / safari 15.2 (17612.3.6.1.6), this time with a brand new user, and it still works as it used to be before the upgrade to Monterey (so broken from 12.0 until 12.1).
To test: open 10 tabs with https://ipinfo.io for example, then under Bookmarks --> add bookmark for 10 tabs. Then open this bookmark : it should load all of them nearly instantaneously (depending on your device usage + network speed of course).
So again: everything looking fine to me on latest stock safari and safari technology preview Release 136 (Safari 15.4, WebKit 17613.1.9.2). If it's still not the case for you, maybe it will need a deeper cleanup, for example with OnyX or similar tools ? But for newly created users it shouldn't really be needed...