The Parallels desktop experience is shockingly well-accelerated. I played 1440p video from YouTube in a Microsoft Edge window (not in full-screen though) and didn't notice any appearance of dropped frames. Animations in Windows are smoother than they are on my 8th Gen Core i3 desktop.
As for full-blown Visual Studio, there is an ARM version now with most (but not all) workloads available. YMMV if you rely on those unavailable workloads or if you have x86/x64 DLLs in your project, but this has improved substantially I believe with Windows 11 ARM now supporting 64-bit/x64 translation (whereas Windows 10 ARM only supported 32-bit/x86 officially outside of Insider previews).
As for full-blown Visual Studio, there is an ARM version now with most (but not all) workloads available. YMMV if you rely on those unavailable workloads or if you have x86/x64 DLLs in your project, but this has improved substantially I believe with Windows 11 ARM now supporting 64-bit/x64 translation (whereas Windows 10 ARM only supported 32-bit/x86 officially outside of Insider previews).