Hi Stephen,
Supported data rates on ZF7372 are as follows
• 802.11n: 6.5Mbps – 130Mbps (20MHz) 6.5Mbps – 300Mbps (40MHz)
• 802.11a: 54, 48, 36, 24, 18, 12, 9 and 6Mbps
• 802.11b: 11, 5.5, 2 and 1 Mbps
• 802.11g: 54, 48, 36, 24, 18, 12, 9 and 6 Mbps
If your NIC is 802.11n however configured to operate as 802.11a card then you may see this. Please check your WNIC configuration to see if it correctly configured or not.
By the way, How you are checking or seeing that ZF 7372 dual band AP at 5 GHz is capping at 54 Mbps?
Which WNIC is in question here?