It's not unique to Apple Silicon or Ventura 13.4. The 10.6.5 library I have crashes when upgrading to 10.6.6 on Ventura 13.3.1(a) on both Intel and Apple Silicon.
There is a possible workaround if you export a library XML on 10.6.5. At least in my case that will load on 10.6.6. It's probably a good standard practice to do periodic XML exports of your library and essential projects, anyway, but especially right before an upgrade.
The crash log implied it might be related to something in a multicam clip associated with a gap clip. On 10.6.5 I successively deleted projects, each time shutting down FCP and duplicating the library, then trying to upgrade it on 10.6.6. I got to one project left, and there was a multicam clip on top of a gap clip in the timeline, but there was nothing visibly wrong with it. However when I deleted that one instance of the multicam on top of the gap, it quit crashing when attempting the upgrade. I did not delete the parent multicam in the browser.
For anyone facing this problem, my first suggestion is open the library on 10.6.5 then export a library XML and try to load that in a new blank library on 10.6.6. If you don't have 10.6.5 you'll need to obtain that somewhere.
If you have Time Machine or any other type of backup you can get it from there. All you need is the Final Cut Pro.app bundle. You can name one Final Cut Pro_10_6_6.app and one Final_Cut_Pro_10_6_5.app and double-click on each one in Finder to selectively launch them.
I ran the OPT+Clip>Verify & Repair Project command, but it didn't find anything on the single remaining project where the upgrade would crash. So there was nothing visually wrong in the timeline and that check did not find anything.
However I exported that project XML, loaded it in 10.6.6, exported the project XML there and "diffed" the two XMLs using Beyond Compare (both were XML version 1.10). There were a lot of changes which seems odd since it was the same project. I will study this more tomorrow.