External ssd compatibility for MBP M1 Max 2022

Dears,

I have been using MBP M1 Max currently. Now looking for external SSD for using my music production files. During the using tools, there could be much transactions in second (most of them reading) As far as I know current internal disk provides more than 2000 read/write p/s.

My question is that, if I prefer an ssd with USB 3.0 or 3.1, could be there any compatibility issue with my computer? Or do they just cause disk performance to be inefficient? (lower than I expected or committed)

I just wanted to sure which usb version I have to buy for right compatibility. Perhaps you can advise me some models.

Thanks for you support.