I just had a terrible experience with my 14 Macbook Pro M1 Max, It was up-to-date and running 15.4 but had been having weird network issues where it would sporadically lose connection for a few minutes, either with ethernet or WiFi. The Macbook's WiFi would disconnect and start searching for a network. My iPhone and every other device have had zero issues.
So I decided to do a clean install and created a 15.4 USB installer just in case. I erased the HD and started the process just to be greeted with a message asking to select a start up disk and when I did it said the installed MacOS version needed to be reinstalled.
I re-installed multiple times and at this point panic was starting to set in, I took out and dusted off my old 2011 Mac Mini and started hunting for anything helpful, I came across a thread on MacRumors stating that 15.4 cannot be used as a USB installer due to an issue and 15.3 had to be used.
So I downloaded 15.3.2 and then created a new USB installer, and low and behold, it worked. I then decided to update to 15.4 and have been receiving the installation failed error.
Installation failed an error occurred while installing the selected updates.
So I think I'm just going to wait until 15.5. I was going to try creating another 15.4 USB installer and try since this time I'm not erasing the HD, but I don't think it's worth the hassle.
Also, I haven't had any network issues since the clean install.