Yeah that toggle in newer distros is managed by power-profiles-daemon which ships with modern versions of Gnome. From what I've read you're better off only running one of these power management apps as they can conflict with eachother.
Sounds like you're getting totally fine battery life though so I wouldn't stress about it!
I'm about to give Fedora a whirl. Hoping I can get close to your numbers.
I'd recommend making sure you have thermald (2.3+, current version is 2.5) installed. It's the best way to load/use the proper adaptive DPTF tables from the BIOS.
Also, it's important to make sure you're running the latest kernel. Basically every release since 5.15 (up to 5.19 now) has had pretty important perf/power fixes for Alder Lake.