One CentOS 7 server I have uses PHP 7.1.33 just for CWP -- it's not broken, works fine. That way you can update 7.4 for other sites and not risk breaking the web GUI. But now that other servers I have are running PHP 7.4.x for CWP, I'll probably switch that one over, too.
I appreciate anyone posting about their experiences with AlmaLinux and RockyLinux. I'll do a test conversion at some point with a duplicate VM and see what my experience is like. At least we have until June 30th, 2024 before CentOS 7 is EOL.