Its related, but not identical. "Right to repair" in the sense that the FTC is talking about now is largely about manufacturers restricting usage of third-party repair services or parts - so think of it more in terms of Facebook/Ray-Ban allowing independent repair shops to swap your cracked camera lens, or an individual who can source the parts being allowed to perform the work themselves without buying a service contract: things which the manufacturer may currently choose to prevent via terms of use, or which they might have required you to buy a service contract to do.
You making a modification to your glasses to hide an LED isn't a repair... at least in the terms the FTC is using at present.