If a photo is truly overexposed, then pulling it back will not recover anything -- no matter what. That's what it means to be "overexposed". Now, true, it's possible that the A7.4 can handle more exposure than the A7R5, but I truly doubt it. That is, it's possible, I suppose, that one pixel on the A7R.4 can take in more light than two pixels on the A7R5 before oversaturating. But, again, I really doubt it. Here's BC's data on the A7.4 and A7R4 (BC didn't do the A7R5, but they're both the same pixel count):

Note the black bar -- that's how much the pixel can take before oversaturating. Note how the A7.4 has exactly twice the FWC as the A7R4. But the A7R4 has twice as many pixels (like the A7R5). Therefore, they oversaturate with the same exposure, and I'm betting it's the same with the A7R5. In other words, they will both overexpose the same, and, as I said, there is no coming back from overexposure.
So, the differences in DR come entirely from how much of a noise penalty there is in the shadows can be pushed with less of a noise penalty. So, we can't "get rid of noise in the equation" because that's what DR is all about. If we look at the green bar, we can see the per-pixel noise is the same. Thus, the A7R4 will have more noise due to having twice the number of pixels, thus lower DR. However, it will also have greater resolution. In many instances, that greater resolution will allow for more aggressive NR which will often tilt the advantage in favor of the higher pixel count (all else equal) when resolution is normalized. Here's an example of exactly that:
www.dpreview.com/forums/threads/more-pixels-are-better-for-noise-reduction-really.3841904/page-4#post-55804062
In any case, the DPR "DR Comparometer" pretty much tells the story -- the DR for the A7.4 and A7R5 is essentially the same. But why do you care? If you're not thinking of getting an A7R5 to replace your A7.4, then it's just an academic exercise. Like comparing the horsepower of your car to another car you're not going to buy, anyway. Unless you're like me, and just like understanding things. But you've never seemed to show an interest in that. : )