iPhone Mirroring app feels like it's an alpha release

I keep seeing these posts about how this is a game changer and it was touted as such a huge new feature for this release. But I'm just frustrated. Is anyone else seeing the issues I'm seeing constantly:

• Fails to connect 90% of the time (claims timed out). I just quit the app and relaunch. As it can take a lifetime before it gives you the option to try again. Mind you I sometimes see my iphone change to "being used on a mac" before seeing the "Timed out" status. Makes no sense.

• Typing on the app is hugely delayed for me at times. And sometimes just hangs. Feels like how it used to be using VNC in 2001 over dialup.

• Pasting even simple texts can make the app hang, and not only that, it's not updating to the latest copied text and pasting old values.

• Why on earth can I not launch the control centre?

• I get it the point is to have the notifications in osx but they should sync. I keep getting days old notifications on my mac as if it just came in.

I'm sure I have more issues but this is all I can think of right now. Anyone else having anything remotely similar? I'm on the first gen m1 macbook pros.

Edit: As others asked - M1 Max 2021. iphone 16 pro max. On same network (mac is on a dock and connected via wire, iphone on wifi). Both bluetooths on and the devices are right beside each other.