Wayland has still no way to set DPI of multiple monitors. The fonts look terrible on it. I had to move to KDE Plasma on X11 ever since GNOME started forcing Wayland on us.
If you haven't tried KDE on Wayland in a while, do try it. Fonts looking terrible on Wayland was a GNOME thing, and KDE/Kwin handles display scaling and mixed DPI fine, GNOME/Mutter didn't until very recently.
KDE had the setting to allow X11 apps to scale themselves (no more blurry XWayland apps) years ahead of GNOME.
> Fonts looking terrible seems to only be when using an x app on wayland
I suspect the original commenter had an issue with GNOME specifically, as I've noticed it too, on Wayland native apps. GNOME handled fractional scaling poorly, and fonts didn't align to the grid right and looked fuzzy at anything that's not 1x or 2x scale.
On KDE you can just type a number into the scale percentage field in the display configuration settings pane. I typed "73" and it snapped to 72.5 which is probably close enough.
I don't know whether GNOME supports anything similar, unlike KDE they really don't like giving users very many configuration options.
Weird, mine lets me go down to 50%: https://files.catbox.moe/gjuzl6.png . Out of curiosity, do you use an nVidia graphics card? I know in the past their drivers have had problems with scaling on Linux.
I guess I have to buy a 4K monitor in future.