Why wouldn't you just alter the include/kernel-version.mk file and build out with the new version? I must be misunderstanding what you're trying to do.
Will not work.
Note that there are 100+ OpenWrt specific patches for generic kernel plus 50+ for each processor target. Plus similarly all kernel options.
Bumping the kernel major version is a major task. If you need to ask about basics, you will not succeed.
First familiarise yourself with the OpenWrt kernel build infra, and you will better understand my answer here.
How important are the patches for the x86-64 target? I'm running my OpenWrt routers in LXD on Ubuntu. And I guess Ubuntu has none of Openwrt's kernel patches. What problems can I expect?
But would you really want that? Better just strip the modules then. There's probably also a box to untick in the kernel configuration to enable module loading. Untick it, recompile (make sure everything you need is in), and you're golden.