If you are on a wireless AP, test your upstream router separately. If your AP wifi driver supports AQL limits (e.g. mt76 does) adjust/reduce those seperately to improve wifi latency.
My device doesn't have AQL. Can I get the same effect by setting txqueuelen as written in the wiki?
Please post result link via https://www.waveform.com/tools/bufferbloat
Wired and wireless within 5m unobstructed of AP. When you can makwe a stable <1ms forwarding with nat wired, 10-100ms is very typical with wifi with competing wifis in range.