kube-vip fails to run with Kubernetes 1.29

[Amulyam24]

/kind bug
/area provider/ibmcloud

What steps did you take and what happened:
With the current plan to move to k8s version 1.29 for PowerVS CI, testing showed that kubeadm init fails on the control plane node. The issue is with kube-vip failing with 1.29 with the following:

1. hostAliases do not work as static pod manifests in Kubernetes v1.29 #692

2. kube-vip requires super-admin.conf with Kubernetes 1.29 #684

What did you expect to happen:
Cluster to be created successfully with k8s v1.29

Anything else you would like to add:
[Miscellaneous information that will assist in solving the issue.]

Environment:

• Cluster-api version:
• Minikube/KIND version:
• Kubernetes version: (use kubectl version):
• OS (e.g. from /etc/os-release):

[Amulyam24]

/assign