An update to my earlier post (2015 iMac 27" with fusion drive): The following steps worked for me:
Boot with option key down into a Big Sur installer USB flash drive
From terminal, execute 'diskutil resetfusion' to wipe, reformat, and rebuild, the built in fusion drive
Return to main recovery menu and install Big Sur from the USB flash drive.
No noticeable slow down.
Topic:
App & System Services
SubTopic:
Core OS
Tags: