Earlier quoted context omitted.
literally just installed OpenBSD on my iMac G4 last week, haha (oh yeah, everything works flawlessly btw, including graphics acceleration)
The iMac G4 didn't support virtualization, so booting an alternative OS is more attractive. And the Nvidia GPU is probably easier to find cross-platform drivers for. New drivers or some sort of IOKit compatibility layer need to be developed for the M1 GPU (which is orders of magnitude more complex). (I can run OpenBSD on any modern piece of hardware, though; the novelty and nostalgia are in running Mac OS 9 on that.)
Also, the G4 iMac is a special piece of hardware in my book. I'd love to Frankenstein an M1 G4 iMac.