As the number of systems running RHEL is really just a rounding error compared to the number of Android systems out there, maybe it doesn't really matter :)
I guess it depends on the device and the business.
How many days of downtime on Amazon.com is the cost of bricking 1M phones? Or 100M?
The target of Android, which is who Google has to deal with, is multiple manufacturers creating kernels for custom hardware (often without upstream drivers), with very short product life, relatively little experience with upstream contribution and few needs for new features for a given major release of Android.
RHEL is developed by a single company with a 10 years life cycle, only 3-4 kernel versions to juggle but almost non-overlapping lifecycle (as far as the initial development-heavy phase is concerned). Development occurs upstream first and quite a few engineers are upstream developers or maintainers, so that the number of non-upstream features is very small and almost going down over time, see for example stuff like the secure boot lockdown patches that Matthew Garrett started when he was at Red Hat. And even though the product is not the kernel, we need to backport more features than what goes into LTS, because userspace needs them (user namespaces, driver updates, networking or virtualization optimizations, enablement for new processors, etc.)
So it's only natural that there are completely trade-offs to make.
This sort of myopia is yet another excellent reason for Red Hat to take their kernel process in-house.
RHEL fixes only CVEs. Linus Torvalds consider there is no such thing as a security bug, that actually every bug is a security bug. So RHEL's kernel can't be secure.