chore: "component" prop audit

[tlabaj]

Is this a new component or an extension of an existing one?
What is the existing component, if any?
We should audit the use of the component prop in our code base. In some place it is intended for use as any ReactElement. In some place it is specific React elements that are allowed to be used. In some places THe intended use is to support a React router (or other library) "Link".
We should audit the component props to determine if the types a re accurate for the intended use case. WE should determine if the types should change to be more specific to the use case.

This issue is related to discusion and investigation done for issue: #6115

[stale]

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