Does Rosetta allow M1 chip dual boot to MS Windows?

No, it does not. For the moment, the only solution to run Windows on a Mac M1 is to use Parallels: https://www.parallels.com. You could also try the public beta version of VMWare Fusion: https://blogs.vmware.com/teamfusion/2021/09/fusion-for-m1-public-tech-preview-now-available.html.

even if they made it work it would only be the arm based windows version which could be installed which would mean it would be "emulating" "normal" x86 windows programs and games which would show in terms of performance have the reviews of the microsoft surface tablets with arm windows shown