6.7.11 kernel is my last known stable config, what are my options?

To me the best path forward would be immediately update to the latest across the board. That means use sudo dnf upgrade --refresh and accept a full upgrade including kernel.
At the same time ensure your nvidia drivers are installed from the rpmfusion repo since many see problems when they select a different source for installing the nvidia drivers.

Once that is done let us know the results.

I had a couple of apps that had the flickering within the app until I did the following.

  1. create or verify you have a file /etc/environment and put this into its content.
QT_QPA_PLATFORMTHEME="wayland;xcb"
GBM_BACKEND=nvidia-drm
__GLX_VENDOR_LIBRARY_NAME=nvidia
ENABLE_VKBASALT=1
LIBVA_DRIVER_NAME=nvidia
WLR_NO_HARDWARE_CURSORS=1
  1. reboot and use the latest installed kernel then log in with wayland.
  2. Test and see if flickering still occurs.

When I created/edited that file on both my laptop and desktop it stopped the flickering that previously occurred within the few apps that were affected. I have since switched from X11 to wayland exclusively. The only app that I have not tested with that change is steam.