Updated to macOS Monterey 12.0.1 on MBA M1 and so far all is working fine if not better with DL 1.5 Release: 1.5 | Sep 8, 2021 (still no screen rotation on M1).
All monitors are aligned correctly, settings/display arrangement are preserved when sleep/waking up as well as when closing and opening the lid. Will report as soon as discover any issues.
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