What was your calculus on ELv2 vs SSPL? The latter feels a better fit for the continuation of copyleft--too close to the fears you mentioned around AGPL?
I looked at SSPL, but it was really between BUSL and ELv2 for me. I ultimately chose ELv2 because it allowed me to keep my community edition and enterprise edition in a monorepo, where the latter edition is protected by license keys, i.e. ELv2 has a clause to where you can't remove or circumvent the license key functionality.
Since Keygen was previously closed source, I didn't want to split the repo up into the ee/ directory structure that you commonly see in other open core and fair source projects. I deemed doing so as 'too risky' -- too much code churn for little benefit -- as those changes would have a direct effect on the SaaS.
Instead, I opted for ELv2 because it offered me the ability to say, "hey, I'm making this fair source, do what you want with it, just don't compete with me or remove the license gates for the paid features."