The above is exactly why I say there are asterisks and "it depends" in the answer.
Will either computer be able to play back 12K braw in Resolve without dropping frames? As long as the storage is fast enough, absolutely. Will it be able to play back in Premiere without dropping frames? 🤷♂️ FCP? 🤷♂️
As I said before, my M2 Max (the weaker version) w/ 64GB is just able to play back 8K raw from my R5 in Resolve. If I put on a grade where I tweak a few raw options, add FilmConvert Nitrate, and tweak some curves/color warper stuff afterward, I still get 23.98 on it as long as I'm not doing anything else in the background. Canon raw is a nightmare codec in terms of performance. Braw is easier.
One other thing to consider is that I'm sure that the local Apple store (if there is one) has some M3 Max models on the showroom floor. If you're nice about it, they might be willing to at least put FCP on one (or let you download Resolve) to load a sample project file and some footage. Since the UM12K has been out for a long time, I'm sure some nice reviewer/youtuber has put some raw files online for you to download. You could just give it a try with one of your sample grades to understand if it performs as needed.