There is an In-Development version 5.3.1. Can you give this a try?
When trying to update SFTP to the Renci.SshNet v2020, I found out that Renci.SshNet is actually a core part of the Outsystems framework, so no matter what version the SFTP component includes it will always revert back to the 2016 included in the Core.
The Renci.SshNet version in SFTP v5.3.1 has been re-Namespaced to allow the SFTP component to use Renci.SshNet v2020, leaving the Core to use v2016.