Apple should include a 'Direct power' mode where you can turn off battery charging and just use the A/C power. Would be so easy to implement and probably increase the life of the internal battery.
Apple do include battery management algorithms which operate without user intervention. On my M1 13-inch this shows up as cycling the battery to around 80% after a day or two on the charger, but that system is over 3 years old. The M3 doesn't seem to behave this way, but it's only a month old so battery health is still 100%
There is a support document that somewhat explains how it works:
https://support.apple.com/en-us/102589
I use lower watt is to avoid 100% charge too long during overnight charge. I also read somewhere that the lower wattage, the cooler the battery (which extend its life), but not sure whether it’s still valid for today’s battery.
You have to be a bit wary because there's a mathematical relationship between voltage, power (wattage) and current (amperage) which means that as one varies, the others do too.
The computer and battery will draw whatever current it needs up to the maximum capability of the power adapter - it won't draw more. For example, my G4 PowerBook requires a 120volt 35watt power adapter which calculates to a maximum current of about 400mAmps. But I can use a 120volt 65watt power adapter that can deliver 550mAmps. It will still only draw the current needed to power it and charge the battery (measurably about 320mAmps).
However, if I think that to charge the battery slower I should use a 20watt adapter, the computer will still attempt to draw that 320mAmps, when the adapter can actually only provide a little over 150. This creates an 'over voltage' in the power adapter, which can cause significant heating in the adapter and the computer's power regulator circuit.
Meaning that - assuming voltage is correct - you can't
over run a system with too much power because it will only draw what it needs, but you can
under run it, with too little.
There's a neat calculator at
https://www.omnicalculator.com/physics/watt that allows you to see how it works.