Kristina Mishra takes us down an alley of pain:
If you’ve bought a P1 reserved capacity, you may have been told “No worries – it’s the same as an F64!” (Or really, this is probably the case for any P to F sku conversion.) Just as you suspected – that’s not entirely accurate. And if you are trying to create Fabric shortcuts on a storage account that uses a virtual network or IP filtering – it’s not going to work.
The problem seems to lie in the fact that P1 is not really an Azure resource in the same way an F sku is. So when you go to create your shortcut following all the recommend settings (more on that in a minute), you’ll wind up with some random authentication message like the one below “Unable to load. Error 403 – This request is not authorized to perform this operation”:
On the “oof” scale, this rates as “big oof.” Kristina shows some of the differences between P SKUs and F SKUs and why it matters, as well as two unpalatable solutions if you happen to be using a P SKU.