PHP Database Version Limitation

I have recently added a domain while utilising the default Web Template. While I configured the PHP version to 7.4, I encountered a limitation regarding the selection of the preferred PHP version for the associated database. Consequently, the database has been automatically assigned the PHP version predetermined by the system administrator. Regrettably, this arrangement prevents other users from exercising the option to select their preferred PHP version for the database.

is this okay or the limitation is predetermined for security purposes?

If you are logged in as an user make sure you have in the Server settings → Policy the permissions to edit web templates