Hi
I'm reading all the comments and agreeing with most things ...
A couple of comments are suggesting the Waves plugins are native as of V13. I'm confused because when I go to their web site it says - Waves V13 plugins are fully supported in Apple M1 processors. I take that to mean - we tested them - fixed a few things so we can charge for a new version - works OK in Rosetta. I'm not reading that as - we recompiled all our code for all plugins and they are now all native Apple Silicon plugins.
The same thing goes with the Native Instruments plugins but the situation is a little more unknown as NI are vague in their article on the subject. Bottom line is "We are working to ensure full support for Apple Silicon across all of our current products".
I think my issue with opening previous projects is with NI plugins. But - as I said earlier - if I force Logic Pro to open in Rosetta - the project along with all it's plugins opens and it works.
My worry is that Waves or Native Instruments [insert your audio plugin developer here] will never release native versions of their plugins and I will be stuck in 'Rosetta mode'. This may become a worsening situation in the years ahead as new plugins get released as fully native and do not run within Rosetta. What then?
Will native plugins work within Logic running in Rosetta mode? Will the performance issues return again with a mix of native and non-native plugins within Logic. I fear it will become a mess.
Right now I am seriously considering purchasing a second hand Intel iMac for music production. My investment in Intel audio plugins over the years is to great to just leave it and move on ...