Final Cut Pro doesn't play well with Mac Mini M4
Recently I bought a new Mac Mini M4. Right away I notice dropped frames on my project in FCP, which had never happened with my old Mac Mini 2020. I also opened some old projects that I had saved and frames were being dropped as well. When ver 11 of FCP was released I thought that it might fix the issued but it almost seems worse, to the point of the application crashing and freezing. My projects are simple with 30-40 clips over 30 minutes in the timeline;
-I've deleted and reinstalled FCP but the issue still remains
-I've tried both optimized and proxy media with no difference
-I make my library on an external 2 TB SSD along with all of the media
-I've tried leave media in place and put it in the library with no difference
-I have 16 GB of ram which is the same as my old mac mini which ran FCP just fine.
-I can export the project to a .mp4 file and it plays great I understand the dropped files are only in the editor
I'm at my wit's end trying to figure out if it is a hardware or software issue. Any troubleshooting tips would be appreciated.
Mac mini (M4)