Incorrect. I ran the following command prior to testing:
ipset del bogons 240.0.0.0/4
(this command has no bearing on success of the trace , nor OpenWrt's ability to route.)
This has no bearing on if it's routable, this was covered here, asked and answered, as I am the author of the statement you're referencing - WHICH YOU KNOW!::
Why would the OpenWrt documents discuss a restricted address space!?!?
Why would an unused IP of any block be in any OpenWrt route table (or any router for that matter)?