It does, but are you / were you using compressed raw or uncompressed raws? Might make a difference? tbh I've not really seen much of a slow down across my older M1 MBP original, my M2iPadPro 16gb or my replacement M3Pro MBP with 36gb. The later is a bit quicker, but nit amazingly so, and they all handle the files just fine. I'm not a LR user, C1/DXO/Affinity on the laptops or C1/Affinity on the iPadPro