On my Framework (16), I've found that switching to GNOME's "Power Saver" mode strikes the right balance between thermals, battery usage and performance. I would recommend trying it. If you're not using GNOME, manually modifying `amd_pstate` and `amd_pstate_epp` (either via kernel boot parameters or runtime sysfs parameters) might help out.

I agree that it's unfortunate that the power usage isn't better tuned out of the box. An especially annoying aspect of GNOME's "Power Saver" mode is that it disables automatic software updates, so you can't have both automatic updates and efficient power usage at the same time (AFAIK)