My Gentoo ARM SBC based on an even more ancient armv4 arch has been chugging along just fine with the latest gcc/clang updates:
grep CTARGET /etc/env.d/gcc -r
/etc/env.d/gcc/armv4tl-softfloat-linux-gnueabi-11.3.0:CTARGET="armv4tl-softfloat-linux-gnueabi"