In my opinion, and after being burned with Big Sur - don't upgrade. It may be some months before Adobe actually have a version that works on the new OS.
For those concerned about the silicon chips - feedback from a fellow Mac user is that Captivate works well with Apple silicon, due to the inbuilt Rosetta software on the Mac - as long as the OS is supported.
Unfortunately for people like me, whose Mac is nearing the end of its life - I will have to wait for Adobe before I can purchase a new Mac, because new Macs will of course come pre-installed with the new OS. After speaking with Adobe on a couple of occasions - they have not yet tested and are not yet developing a version for Monterey. This is extremely disappointing, as they would have access to the beta versions like most other large software developers.
It also seems they did not listen to the community last year, who at least requested some basic communication from the Captivate Team, to warn customers. Monterey is now available. How difficult is it to email your customer base and give an update on Monterey or a timeline?