upgrade guide: https://openwrt.org/docs/guide-user/installation/generic.sysupgrade
downgrade works the same as upgrade, due to upgrade is being a whole firmware overwrite process, hence there is no difference which way you do. in either case as it is an overwrite and major release down/upgrade you are better with not keeping configuration settings but let the process create a default configuration. it also means any package you installed after system installation will be lost too, you need to re-install them again. (in future if you are more familiar with openwrt you can use firmware selector to pre-install packages in to firmware image, so they'll be ready to use right after install.)