Thanks for the information provided. When I spoke that LZ4 is maybe much more effective I mean that it is faster and creates less CPU load. So I will appreciate to know your observation regarding the tunnel speed. I am not interested to know if the compression ratio is better or not.
Regarding your observation that "compression setting set to NONE appears not to work any longer" - this would be very disappointing. Please confirm. Maybe you should try to set it to "disable" instead of "none". I don't know what are the options in 2.4, but in Merlin's implementation of 2.3 there are 4 options: "enable", "adaptive", "none" and "disable". I don't know what is the difference between "none" and "disable", but in my current 2.3 config it is "disable". I remember that someone reported here in the forum that "none" seems to be not working well. So my advice is to check how it will work with "disable", if the 2.4 has such option available.
Sorry if I am bothering you, but my 2.3 server is heavily used, I have no test router available, so I am unable to test 2.4 on my router. I will stay with Merlin's 380.64 (OpenVPN 2.3) until 2.4 is confirmed to be stable.