Ran a test with my own network here.
MX84 Firmware 13.36
WAN is 400mbps/400mbps
Client PC I use for testing on USB-C connected ethernet port.
First test with Uplink configuration set at 400 Mbps on the dashboard:
Speedtest: 2ms ping, 170Mbps download, 363Mbps upload
2nd test with Uplink configuration set at "down" 100Mb/s and "up" 25Mb/s on dashboard using "detail:
Speedtest: 1ms ping, 90Mbps download, 33Mbps upload
3rd test with Uplink configuration set at 50 Mbps on dashboard:
Speedtest: 1ms ping, 33Mbps download, 88Mbps upload
So, I can probably conclude that the "Uplink configuration" work to some extend to the speed limit as configured in the dashboard even though you may have a higher bandwidth WAN uplink.