Dear KACBr,
Thank you for the reply.
For co-authoring Excel workbooks, the supported file format is .xlsx, .xlsm, or .xlsb. And I also tested the macro-enabled workbook on my side, there was no problem when saving.
I noticed you mentioned "I was concerned about the unsupported excel feature possibility", you can check the below part in this article: Excel file is locked for editing (microsoft.com)
About the registry key, you can first open the Registry Editor, and locate the above path: How to open Registry Editor in Windows 10 (microsoft.com)
For added protection, before making edits based on officially published Microsoft documentation, be sure to back up the registry. Then you can restore it if a problem occurs. For more information seeHow to back up and restore the registry in Windows.
Sincerely,
Jazlyn | Microsoft Community Moderator