There is no point. It (either debugger or the software) explicitly checks for the core type and refuses to work. It knows it is Cortex-M7, so the SWD connection is fine with reset or not.
You are out of luck. Think twice before going with Segger again.
I can't find exact release dates, but Jlink V8 is at least 10 years old. I don't think it's entirely unreasonable for a vendor to not update a 10 years old device
Also, the Segger documentation explains why they put "intelligence" in the Jlink instead of the PC debugger (
https://www.segger.com/downloads/jlink/UM08001 section 1.5), and provide a way to add custom devices in the PC DLL (
https://wiki.segger.com/Open_Flashloader#Create_a_Flash_Loader). It might be possible to support the M7 core that way (I doubt it will be "worth" doing it, but possible). So it's not an arbitrary decision to stop piracy, as much as the need to have new hardware to support the new core features in the probe itself for very good reasons
Having used a Jlink to debug nRF52 devices I came to appreciate how much value a Jlink adds compared to a normal SWD debugger (like ST Link). In the case of the nRF52, Nordic provides a sort of OS that takes care of pretty much all the Bluetooth and ANT communication stacks. The downside is that a standard breakpoint kills the communication stack, so you cannot single step into the code. Segger offers something called a Monitor Mode Debug (MMD) which keeps the processor running and uses a clever technique to still allow for single stepping thru code. It's truly life changing for a nRF52 developer (incidentally, Nordic provides an onboard Jlink in their development boards). The same with Segger RTT, much better than SWO in pretty much all scenarios
If the price to pay is that a user needs to buy a Segger Jlink every 15 years or so, it's not a bad tradeoff.
Lastly a real Segger Jlink EDU Mini that supports all the cores, costs <$20. So even hobbyist with no money can easily afford one. And, yes, you cannot do commercial work with the EDU license, but given that the majority of hobbyists sem to use unlicensed clones without a moral concern, I could argue that using a real EDU mini for semi-commercial work is at least morally equivalent to using a clone that comes with no license whatsoever