I have an M1 Pro on 12.3, and this does work. Although, I like the XOM loader better.

You can throw that terminal command into and AppleScript wrapper using Script Editor. You can then put it on your dock and launch it like an application. Use the code below in Script Editor and save as an application, and place the saved file on your dock. You will get a pop-up on launching to permission it in Security Settings.

do shell script "cd '/Applications/FINAL FANTASY XIV ONLINE.app/Contents/SharedSupport/finalfantasyxiv' && bin/wine --bottle default --enable-alt-loader macdrv --wait-children --workdir 'C:/Program Files (x86)/SquareEnix/FINAL FANTASY XIV - A Realm Reborn/boot' ffxivboot64.exe"