> write only needing to be written to the binary log on the replica and not (necessarily) applied to InnoDB.

Ah. I wonder are writes in the log but not yet in InnoDB are available for reads? Then your write may succeed but a subsequent read from a replica would not see it so you lose read-after-write consistency. Perhaps that's another tradeoff.

I'll have to research a bit more but the MySQL docs [1] say "requires only an acknowledgement from the replicas, not that the events have been fully executed and committed on the replica side" which implies that it can't be read yet.

Thanks!

[1] https://dev.mysql.com/doc/refman/8.4/en/replication-semisync...