This isn’t any different with QSFP unless you’re suggesting that one adds a 200GbE switch to the mix, which:
* Adds thousands of dollars of cost,
* Adds 150W or more of power usage and the accompanying loud fan noise that comes with that,
* And perhaps most importantly adds measurable latency to a networking stack that is already higher latency than the RDMA approach used by the TB5 setup in the OP.