Yes, I found their low-profile PCIe-M2 adapter very nice. It’s even thinner than the one I modified myself for my macchiatobin, because the M2 connector is placed so that the SSD goes over the PCIe connector. And this will indeed permit you to have two M2 in the same machine and without changing the form factor.
The only thing is that is condemns an x8 slot for only x4. The top would be to have a second M2 x4 that would support an FPC cable to an auxiliary connector but if the bus doesn’t support bifurcation, a PCIe bridge would be needed, and a Gen4 x8 to 2x4 might not be cheap at all. Or we could have a 10/25 or 40G NIC + M2 adapter on the same board, but that wouldn’t fit in such a small form factor!