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Solved
R7000 v1.0.5.48 breaks 5G in Operation Mode:Access Point
Updated firmware to latest version (R7000-V1.0.5.48_1.1.79) and the 5Ghz radio was no longer working for main and guest networks. The 2.4 GHz radios seemed to still be working properly. I did not s...
After the factory reset, make sure to re-enter the setup parameters manually, do NOT restore from backup, that appears to be incompatible as well.
Sorry if this is old news for some folks and for going off topic in this thread. At least in this router version it appears to have prevented the local backdoor access using those netgear default credentials. Your own local admin creds do work.