I did briefly have a 2020 M1 Air for 2 years. It was fine for carrying around. It failed for portability primarily in its inability to dock to a 2 monitor workstation. I still vastly prefer my Nano as a portable laptop to travel with (e.g. plane or bus travel outside of my city). The Air indeed weighs very little, but it still weighs 40% more than a Nano! I usually travel with a portable screen that weighs half a pound, so my combo still weighs less than just an Air.
It’s hard to describe the experience with an Air, since weight is about physical feel, but that weight saving does make a difference. The Nano is so lightweight that I can quickly pick it up and use it on the sofa as comfortably as an iPad. My Nano even has a 5G SIM card slot that I can pop my cellphone SIM into. However, that only works on the Windows side for now. Finally, the keyboard is much more pleasant to type on with the Nano. It really is a great travel laptop. Add in the ability to natively run Arch Linux, and I’m happier than ever with it.