For the record, this was the closest I got to an answer: Cgroups developers tell me that BFQ "can't currently implement comprehensive IO" isolation, doesn't handle 'writeback / forced IO backcharging", and has scalability issues.
Resource control is a significant effort in Fedora, in particular GNOME and KDE, and one of the reasons for switching to Btrfs by default in Fedora 33. I think the presumption should be that we revert to mq-deadline by default in Fedora 34. (Chris Murphy, https://bugzilla.redhat.com/show_bug.cgi?id=1851783#c21 )
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