It doesn’t usually work that well in practice. I have been running an M1 MBA for the last couple years (asahi Arch and now Asahi Fedora spin). More complex pieces of software typically have build system and dependencies that are not compatible or just make hunting everything down a hassle.

That said there is a ton of software that is available for arm64 on Linux so it’s really not that bad of an experience. And there are usually alternatives available for software that cannot be found.

VSCode is open (MIT) but it is packaged by MS to include some tracking/telemetry and they are distributed under a non-free license.

You can use VSCodium for a telemetry free and MIT licensed binary or you are free to build the source where the default config is no telemetry and MIT license.