Hey Ben!
Maar je hebt geen heuvels

Sorry, my neighbours are Dutch !
I'm not saying that every firmware update is perfect, I'm sure we've all bricked something in our lives installing an under tested firmware !
So, 7.4.2 was to introduce Voltage Compensation onto the 2.1's in order to improve the power available as the battery flattens/voltage drops - when you'd normally have less power available. As far as we know there were no other changes.
I'm guessing you notice you have more power now as the battery is lower ? <20% for example ? When it would previously be running considerably less watts as the voltage dropped and would previously have felt sluggish ?? Or not ? If not, then is there another issue on your bike ???
In RPNZ's case for example, if there's a hill he saying he can't get up now - there's no way he could have got up it before once his battery was low and his peak watts would have dropped off with voltage drop, where as now he should be able to get up at any state of charge - in theory ..
I guess all the new 2.2 motors will be running this firmware from scratch as it makes sense to have voltage compensation, if you can implement it, so you have more consistent power delivery through the whole ride. Rob's photo showed a peak of 728w on the s-works Gen3 (he thought it felt perkier than his previous Levo) which fits with congerballs figures and your figures - but also more or less what you'd expect from a 36v pack with a max draw of 20amps at max voltage.