As an M3 driver I never understood why on various EVs the amount of regen is adjustable. Why would you want that if your right foot on the accelerator is all you need to control the amount of braking/regen?
Sorry to tell you, but that's because the regen on the Tesla Model 3 is inferior than the 1st gen Nissan Leaf or Toyota Prius. On the majority of EVs and Hybrids, there are sensors to detect the travel of the foot brake. The deeper you press the brake pedal, the more regen the motors have. Friction brakes will only engage when the braking command exceeds the max regen. Adjusting the regen setting or activating one pedal driving does nothing to efficiency, it only changes the throttle pedal mapping. The Tesla Model 3 does not have this hardware, regen braking cannot be mapped on the brake pedal, earlier models did have regen options however use a lower setting reduces efficiency because regen power cannot be increased by the brake pedal. Later models removed the option entirely to make the EPA energy efficiency rating better.
Nothing to be sorry about; I never drove in either the Leaf or the Prius so I would not know their superiority

What I do know is that in an M3 you hardly ever need to touch the brake pedal. Hardly ever means that I am really surprised if I need to use it. Usually only because something unexpected happens in front of me.
IIRC the M3 brakes/regenerates with a maximum of 70kW, depending on SOC and temperature. This 70kW of braking power is controlled with the accelerator. All the way up: maximum braking and regen, a bit down: less braking and less regen. In a couple of hours driving you learn when to let go of the pedal and how far to let go and from that moment on the brake is hardly ever used. @PSI: This (at least in our case) is also well understood and liked by my better half.
So, while the M3 might be called inferior for not having sensors in the brake pedal Tesla solved this entire problem by letting me have precise control of the amount of braking/regen without ever moving my foot from the accelerator to the brake pedal. As I always say, there is a lot of negative to be said about an M3, but its drive system is not one of them.