Performance of CPU/GPUs increases with power used, that is a fact. Laptop designs are a balance between that power and cooling solution.
CPU/GPUs are these days a complex design so unless you have a very good understanding of their design and working condx you are not going to improve things by arbitrarily meddling around.
On the latter subject is the use of Throttlestop is not suitable for use on Laptops, the fact you have used it probably made things worse.
"I did try throttlestop but the ability to undervolt was locked."
To undervolt a CPU results in less power being used and lower performance, stopping you from another shot in the foot.
An understanding of semiconductor physics is required and delving into very detailed CPU specs.
I have a similar previous year Lenovo Legion Laptop with broadly similar hardware and the potential for high power dissipation.
The main difference for yours is the Nvidia professional grade GPU, obviously better precision for calculations, stability and so forth.
The options are much the same as yours.
The Lenovo Thermal Mode settings, 3 of them, corresponds to the 3 Power Plans in Power Options.
Just to add confusion the 3 Power modes in Windows 11 Settings > System > Power & battery > Power Mode are different(?).
The left menu in Lenovo Vantage has slightly different categories, presumably as it is not in what they class as professional.
"I'm going to try the bios update that
@glasskuter mentioned and see if that helps. I updated all the other drivers yesterday."
I have done 6 BIOS/UEFI and 1 Nvidia VBIOS firmware updates, no surprise they did nothing detectable, video drivers are around 18-24 months old.
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