Zwift works quite well on my Mediapad M6, which is way less powerful that the Xiaomi Pad 5 Pro. Even has better shadows than on my older tablet (Xiaomi Mi Pad 4, which had Snapdragon 660) - Zwift enabled higher details on more powerful tablets like the M6, Samsung Tab S7 etc, a while back (mid-2020).
So, it should run quite well.