SQM on RPI4 drops considerable amount of speed

That pretty much means that none of the OpenWrt WiFi goodies are implemented...

As I said for WiFi you really want to move fq_codel into the AP where it does not need a traffic shaper and hence is considerably cheaper...

So installing OpenWrt seems at least an option... but the dual core MIPS CPU is not going to be fast...
But given:
Warning 05/2024 There is no confirmed way to revert to OEM firmware at the moment. Do not proceed with installation, if not sure. Check the forum discussion.

you really need to be certain you are willing to risk switching to OpenWrt, assuming you have the V1 version to begin with...