The Navi 31, so far, has been segmented as follows:
7900 XTX = 6 SEs, 96 CUs, 2.5 GHz Boost
7900 XT = 6 SEs, 84 CUs, 2.4 GHz Boost
W7900 = 6 SEs, 96 CUs, 2.5 GHz Boost
W7800 = 5 SEs, 70 CUs, 2.5 GHz Boost
So there's certainly scope for a 7800 XT powered by a 5 SE, 72-78 CU, 2.3-2.5 GHz Navi 31, just from the pattern of the above binning. On paper, the 7900 XT is roughly 84% of the performance of the 7900 XTX (and about the same in
average gaming), a 72 CU, 2.3 GHz 7800 XT would be approximately the same percentage of the 7900 XT's performance.
However, the expected specs for the Navi 32 7800 XT are, of course, 60 CUs @ 2.8 GHz, which is 83% of a 7900 XT. So a Navi 31-based 7800 XT, using 72 CUs, wouldn't really be that much better, if at all. They'd have a similar number of SEs, the same amount of cache, and the same local bandwidth.