Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
This thread has been immensely helpful, thankyou everybody.
My observation is that the MX priority must be 0 (zero) for 365 to pick it up (which will be almost immediate). No other value worked for me (get the Your domain yourdomain.com is still being configured. This can take up to 24 hours message).
I'm wondering whether it's possible to set up more than one such personal domainname for a 365 Family account.
Clearly there's no restrictions on configuring the DNS records, the MXRecordValue is a constant for the account. It would just be dependent on the Microsoft side allowing it.
It seems that if one only needs to send using an additional domain, it is much more straightforward to set up aliases on the Microsoft account under "Your Info". This would require some other arrangement for receiving any replies eg. forwarding from one's own ISP for example. I'm not sure what the SPF / DMARC situation would be, though.