Apple Final Cut Pro 10.6.1, Mac Monterey 12.1, Mac mini M1 2020 - Weird S*%$ Happening - Part2

 Alright, I have a first list of FCP / Motion / Compressor bad behavior on Mac mini M1 and macOS Monterey. And in this post the list grows...

7. FCP turns R3D clips BLACK, i.e. they appear empty. No message, nothing to tell you that something is amok. Clicking on "Modify RED RAW Settings" flashes a message: "REDCODE RAW Settings cannot be applied to transcoded media." There is indeed Optimized (and Proxy) transcoded Media, it is stored externally and it plays fine in QT Player. So what is going on FCP?? That's the second item on the list that relates to external Media. FCP is loosing track of the media stored externally, that is a big problem, big problem, not good Apple! On quitting and restarting FCP, the media is back. WTF??

8. Again FCP looses FxFactory transition Plug-ins. This time 3 messages in a row, in the middle of an export (Share.)

The exported video does NOT show the dreaded missing plug-in bright red image we are used to in FCP Timeline, instead there is ... NOTHING, a straight cut, which complicates troubleshooting as I can't readily tell what's missing by looking at the video. This sucks big time. Again on quitting and restarting FCP the transitions are back. For how long?