Not really. L5 obeys what your hub is telling it, and seems like it tells that it supports up to 500mA over 5V when used with PD source. Some poorly implemented hubs do that, which is why it’s important to check how the hub operates at 5V specifically (dp-alt-mode-adapters.org · master · Librem5 / firmware-tps6598x-nonfree · GitLab). Higher voltages can be enabled in TPS65982 configuration, but that’s not recommended.
If you feel adventurous you can override the input current limit manually: