It's impossible to know what the BMS is doing without knowing the code. It is possible it has seen the imbalance, and it knows that going any higher with the voltage could cause one cells o go above 3.65 volts. Or it was just manually set there are the factory because they know it could drift far enough out of balance over time to be an issue to go higher. Either way, the BMS is trying to avoid a cell over voltage from happening.
No mate how well you try to top balance a pack, it is very difficult to get all of the cells to top up to 3.6 volts at the same time. The 53.2 volt setting is probably fine. Going over 3.54 volts per cell should be well into where the BMS triggers the balancing function. And that voltage is also well over 95% SoC on LFP cells, so you are not really losing any capacity. It is just allowing a bit of balance margin. 3.54 per cell is actually higher than most people go for daily cycles on LFP cells. Andy at Off Grid Garage recommends 3.45 volts per cell and has been doing that for years.
As for top balancing, the BMS needs time at over 3.45 volts per cell. How low can you set the charge current? You may have to disable the BMS comm. to override the settings. Leave the voltage at 53.2, but lower the current as far as you can and set it for the longest absorb you can. Holding the voltage there but at a low current will allow the BMS to bleed off some voltage from any high cells so they can balance. Even at just 2 amps of charge current, the 120 milliamps of balance current on my Daly BMS units can't stop a cell from still charging into it's over voltage protection limit. But as long as the balance is good enough for it to drop to absorb mode without a cell hitting over volt, the current should taper down enough for it to start working. If you watch Andy's channel, he has has several which talk about how the better balanced and matched packs can charge closer to the full 3.65 volts per cell. One company he tested even had the batteries graded and the lower grade cheaper units have a lower max charge voltage to allow for the cells to not stay balanced as well.
The BMS should never be the device that turns things off. It is a safety device to minimize damage when things go wrong. If the battery goes out of balance, the charger should slow down and stop the charge sooner so the BMS has a chance to balance it back up.