Laggy as soon as I add essential graphics

Hi,

 i just bought a new MacBook Pro M1 Max with 32GB of RAM. I have now tried how it would perform with 4K Footage, that i captured with my Canon EOS R DSLM.
As soon as i add any of the more graphics related overlays from the essential graphics panel, it gets laggy and the progress bar tunrs red.

Its a brand new Computer with a very clean Adobe Premiere Installation. Changed nothing in settings. I create sequences simply by dragging and dropping the raw files of my camera into the timeline.
I am now very unsecure, if i have to invest even more money on a bigger machine (thought this is already very good), or if i do something wrong fundamentaly.

Thanks for your time helping me and answers.
Frank