v1 to v2 upgrades the Flash (8MB to 16MB) and uses a slightly different AN+AC wifi chip. v2 and v3 seem pretty similar at a glance. v4 is rated at 12v 2a rather than 2.5a; using a completely different BGN(2.6ghz) chip and also different ethernet chip/switch. v5 is lower power still at 1.5a, but it's less obvious where that change happened due to lack of pictures. A guess based on the simpler antenna list is that it uses less antenna.
Looking into the equivalent firmware[1] for my Archer C7 v2, I didn't find any OpenWRT bits though. I was honestly a little bit disappointed.
I guess the difference between hardware revisions might be more fundamental than I assumed.
[1] https://static.tp-link.com/2018/201806/20180611/Archer%20C7(...