I'm kinda limited in my options, because this MBP only has two USB ports. So I have one port which goes to a USB hub, and the other port goes to an Apple A/V adapter with USB-C power delivery pass-thru, HDMI, and a USB port. If not for my need to have one USB port be switchable, and the rest not, I'd use a USB-C -> DP cable like I use on my 16" MBP.

This may prompt me to upgrade prematurely, if/when the next M1 MBP comes out with more than two ports.