Just for anyone's interest:
Both the kernels, 5.4.5-rt3 and 5.11.4-rt11 doesn't seem to be real time kernels.
Running real time configuration check on both of them returns: Kernel with real time preempt NOT FOUND!
I checked it right now, as I did not understand why there's so many Xruns.
After I switched back to 5.0.21-rt15 which is the real time kernel from the latest Studio 1337 by Iowt3ch,
real time configuration scan returns: Kernel with real time preempt FOUND.