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I went through all the threads for a solution for freezing of video playback on M1 based Macbook pro.
I had got Arri Alexa Mini footage transcoded to Apple Prores for offline edit through the DIT person.After 2 mins of editing with these footages, Premiere pro use to freeze.
I transcoded the prores footage to DNX LB MXF. All problem solved. No more freezes... everything working like magic as it use to be.
Preset used: DNxHR/DNxHD MXF OP1a : DNX LB 1080p 25
I wanted to thank you for offering up your supreme workaround. I hope it helps others. That being said, it sounds like this ProRes bug needs to be investigated and I have noted it. Have a great evening.