I’m not sure if this is a cure for the momentary screen blackouts we’ve all encountered, but since I made one change, it hasn’t happened again for about a week. Here’s what I did with my LG dual-screen setup - the left monitor connected via C/Thunderbolt and the right monitor connected via HDMI:
1. Disconnected and swapped the cables that were connected to the monitors (leaving them connected in the same positions on the M4 Mac Mini) while everything was on. This changed the right monitor to the main/#1 of course.
2. In System Settings > Displays I swapped the right monitor to the left side by clicking on the right monitor image and dragging it to the left - rather than using the “Arrange” option.
Per my previous posts, I tried swapping the physical monitors, swapping the cables, replacing the cables, etc. and the left monitor would still briefly go black (never the right).
Again, it’s been about a week, so I cannot be sure it won’t happen again at some point, but so far this seems to have resolved it for my particular setup. Not sure what I’d try for a single monitor other than what folks have already suggested.
It’s above my pay grade, but maybe one of the experts here can make a guess as to why what I did, or for that matter what @ChupacabraZZZ did, that would resolve the issue. It’s clearly a hardware problem IMHO, but there may be a solution?

[Edited by Moderator]