FWIW while the Librem 5 can't run the bootloader straight from the SD card, the kernel can use the rootfs from SD card just fine - I have multiple distros installed on SD card there this way.
The Librem 5 also supports booting via fastboot (uuu), which personally I find to be a more convenient option for emergency fallbacks than having to juggle with SD cards like you have to do on the PinePhone.
FYI - the reason why L5 doesn't boot straight from the SD card is that the SD card reader is on the USB interface behind a hub, because both SDIO interfaces available on i.MX8MQ are already taken (one by eMMC and other by WiFi).