https://bugs.winehq.org/show_bug.cgi?id=57260
--- Comment #4 from Pedro M Sanches pedrodarch15b@gmail.com --- (In reply to F H from comment #2)
Does installing dxvk using winetricks help alleviate the issue?
Installing dxvk does indeed alleviate the issue, but I haven't tested it without -_ForceGdiBackend. Even some VST plugins that have unusable UIs with wined3d become usable with dxvk installed.
To an extent, Max for Live devices, albeit unstable, do mostly work, except that their dropdown menus don't seem to work correctly. In full screen (you can get Ableton to go full screen by pressing F11, or by using View -> Full Screen), they most of the time don't appear (haven't tested outside of full screen mode because recent Wine updates made Ableton Live 12 unusable when running windowed). They still react to keyboard input, so it's possible to use them with up/down arrow keys, and this doesn't always work.
This makes, for example, changing the waveform of a Max for Live LFO very clumsy. It is very difficult to do complex modulation on Ableton without Max for Live working properly.