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Something is up with your setup cause, I can get 600-630 on my iPhone 13 Pro connected to Asus RT-AC86U router which is only WiFi5 and like 5+ years old.
 
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I have an ASUS ROG Rapture WiFi 6 Gaming Router (GT-AX11000) - Tri-Band 10 Gigabit Wireless Router that is centrally located and connected to a gig fiber router. On a wired connection I get around 1 gig up and down. On my M2 iPad Pro, I get 650 - 700 Mbps down. I was surprised to see that I am only getting 350 Mbps down and 175Mbps up on my 14 Pro Max with iOS 16.2. Is there anything I can do to boost this? At most times, T-Mobile is faster than that, so I have been leaving it on cellular.

‘I am getting 780 mbps on Xfinity in Jacksonville and that is running 6 nest cameras and multiple other devices at the same time.
 
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