Hopefully of use to someone, since this has taken many hours to figure out, and I don't think I can debug further for root cause...
Having upgraded a WAX202 "dumb" AP to 24.10.0 the device was booting and responding to pings until I installed the additional packages I need for various scripts. After package install and reboot the device boots to a solid green power light, but it stops responding to pings on the LAN interface and appears dead.
By process of elimination I determined that the issue is installing arp-ping, which I use in a script similar to to the one discussed here.
I'm confident this is the cause, as I can flip back and forth between broken and unbroken by booting to failsafe, mounting the overlay, and okpg removing arp-ping and rebooting again. Installing the arp-ping package again prevents boot, and so on.
My overlay is not full, I can install other, larger packages without issue. I have no idea how arp-ping could break things at this level, but for now my workaround is to not install it.