jpeg is so lossy that it shouldn't be in a photographers armoury, except as output, or in specialist situations like sport. Even the latter is not really necessary nowadays with the speed of cards and cameras.
It is usually possible to access older format images.
I have no propbem accessing my Aperture Libraries.
I have little difficulty accessing weird Windows drive formats.
The time you might spend on them will be dependent on how much you value the images.
An M4 machine will be astonishingly fast compared to the Intel one you have.
However, the monitor on that iMac is to die for. But you cannot use it in Target Display Mode, which would allow you to use it as a monitor. There are ways of making it do that, but they aren't for the faint-hearted...
But then you liked the comment that included this:
At the moment decisions are being skewed by the minority. A very good example is the gaslighting over Climate Change. It is not in the interests of billionaires to say that our economy is killing our world. So they obfuscate and lie and produce...
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