Clarification, please: are you trying to drag/rearrange in the Playlist?

I just tried it in one of my Playlists and it works. I can position the songs in any order within he Playlist and then burn them in that order.

On a Mac since 1984.
Currently: 24" M1 iMac, M2 Pro Mac mini with 27" BenQ monitor, M2 Macbook Air, MacOS 14.x; iPhones, iPods (yes, still) and iPads.