I presume the security thing is the firmware update that a newer OS would update the Mac to
Yes, that was my concern. I'll agree that "bricking" was probably a bit OTT, but it could leave you in a difficult position for recovery.
Time Machine would be no help, it doesn't back up firmware. If the incumbent OS can't handle the changes then there's probably no point in trying to re-install it. I wouldn't even know where to start in trying to revert to an earlier firmware version, so about the only option is to properly install the OS you'd just been investigating... which you might not want to do.
I've always been somewhat risk-averse so maybe I'm overthinking it, but I think I'll just let the idea stew around in the old subconcious for a while 
I thought I was also risk averse until a few weeks ago, when I was hit by an unforeseen disaster: my 2020 iMac crashed irretrievably - out of the blue, the screen suddenly went black, and the iMac could not be rebooted; in three hours over two sessions on the same day with Apple advisers on the phone, they concluded the likelihood was that a RAM component had failed. With this year of this model of Intel Mac it is a questionable costly repair to replace Ram components.
I had long thought there was a potential issue with the lack of spare storage capacity, on this 2020 iMac, which I guessed was due to my early mistake, in migrating from my previous iMac via a Time Capsule (then in use as a both router and backup), rather than using the migration assistant, due to the wifi malfunctioning on the earlier iMac. I had thought it is possible some convoluted data duplication had occurred with this migration.
Then it turns out that the La Cie one-terabyte back-up disk, which was connected to the 2020 iMac at the time when it crashed and through all the attempts to restart this iMac, could not be read either - as it will now not recognise its own password.
So perforce moving on to a new computer with none of my previous configuration nor data (thankfully all photos are backed up in icloud), luckily I found that having chosen a while ago to configure the Firefox browser on my old iMac, to synchronise with my iPad, once installed Firefox promptly synchronised over all my browser bookmarks, extensions, settings etc. to the new Macbook. This really is helpful, as such an extensive browser configuration is hard to recall or reconfigure.
Though a lot is now lost, in valued records and files, which I have no clue now, how to recover. The monetary cost of this iMac crash, has been similar to the cost of the two storms which followed fast one on the other, here, a few years ago, but this has been more stressful, by a long chalk.
The sudden transition from Sequoia on the iMac to Tahoe on the Macbook involved a visit back to the shop to ask why the colours were all wrong - if you make a mistake with an obscure setting in the accessability Settings which should definitely *not* be adjusted from "normal", all your photos go wildly wrong - my mistake. But sperately to this I have only found one option among 8 in the "Colour Profile" list which I think is natural, and correct, for photos - and without it I'd honestly be stumped to live with Tahoe. Lluckily it exists and I found it.