MONTEREY 12.3

1 - Suggest restarting in Safe Mode. This will perform a Disk Repair, clear cache files and only load Apple Software, extensions and fonts. The boot up will be slow and can take some time - Normal.

2 - Does the issue present in this mode ?

3 - If not - there could be something in the main User Account playing up. To further isolate this - Set up users, guests, and groups on Mac. Then log out of the Main User account and log into the dummy account and test again if the issue persists.

4 - If the issue is present in the dummy account - then, this appears to be a System Wide issue on the computer.

Does the issue persist after attempting each of the above steps ?

Rather than ask a survey question, why not state the specific trackpad issue you are experiencing on that MacBook Air, how the trackpad worked on Big Sur (as a comparison), and presently on Monterey? Have you already booted into Safe boot mode, and confirmed the trackpad issues happen there too, and if not, that is important to know as well.