how to downgrade to monterey

I have a Macbook Air M2, 2022 running Ventura out of the box. I want to downgrade to Monterey. In the past I have used the following process to upgrade from earlier OS's to Monterey, but this process is not working for me to downgrade. I have a bootable usb drive with the Monterey installer plugged in. I hold the power button and boot to the installer. I quit the installation and then open Disk Utility. I show all devices and click on the top level (Apple SSD) and Erase (APFS, GUID Partition Map). Now normally at this point I would be able to just click Erase, and then exit Disk Utility and proceed to install Monterey. However in this case, now it is prompting me to "Erase and Restart", in other words I can't just erase and then go straight to Disk Utility. After restarting I'm prompted to connect to WiFi and then Activate Mac. After doing that I shut down, and then hold down power again and boot to the Monterey Installer. However now when I click on Macintosh HD to install the OS it says "The update cannot be installed on this computer". What am I doing wrong?