I was able to load the *.cmo settings from an old bios to a new one on Z490 and Z590 (both of them ROG Apex), suprisingly
if there are new or moved options from a version to another these have to be applied manually; no errorrs are reported, so if something is changed from a version to another it will be unnoticed, so an overview before the actual restart would be recommended
this comes pretty handy when testing different versions, switching from a version to another
but when I am planning to use a bios version for a long time / daily, I prefer to apply all the settings from scratch, takes maybe 10 mins or so adjusting all the stuff, including fan profiles etc., to be sure I'm going through everything