1. CentOS Stream is a beta OS, not for production.
The recommended version are AlmaLinux 8 or 9.
2.Officially the lowest PHP version you go with EL9 and CWP is 7.4.33
If you need a lower PHP, you will need to install EL8.
I found this, but whatever server I try it on, it says Cloudflare has blocked me.
sudo dnf -y install https://pkgs.dyn.su/el9/base/x86_64/raven-release.el9.noarch.rpm
dnf config-manager --enable raven-modular
I am curious, let me know if you get a really old version of PHP to work.