I don't follow Open CASCADE very closely, but it looks like they're on the verge of a new major release (v8.0) themselves that looks like a lot of refactoring and cleanup.
I don't know hat version FreeCAD is actually bundling, but from GitHub it looks like a fork of 7.8.1?
Yes, the OpenCASCADE 8.0 release is very promising. There's a FOSDEM presentation from this year by one of their developers which shows what's in the works.