I've used SD cards to both make and restore image backups. Here are a few things to be aware of:
1) You cite speed as a reason to use an SD card. An SD card may be faster than some of the slower USB sticks, but there are many USB sticks that are way faster than even the fastest SD cards. I own over 100 USB sticks so I assure you that I've experimented with a wide range. Making specialized boot media is one of my specialties so I've tested a wide range of media.
2) Booting from an SD card: As was noted, most systems will not boot from an SD card used in their internal card readers, however, there are a few that will. But, if you use a tiny SD or microSD card reader, it will behave just like any USB stick. I've used the SanDisk MobileMate USB 3.0 card reader. It's approx. $13 on Amazon and it's incredibly tiny.
3) Longevity: This is the part that I have to admit to having a lack of knowledge on. I simply don't know what typical ratings are for the number of write cycles on an SD card or how good the wear leveling technology is. However, I can tell you that there are SD cards specifically made for applications such as video surveillance recording that have higher than standard endurance.
4) More regarding speed: Flash memory, once written to, must first undergo an erase cycle before a cell can be rewritten. This, and others technical factors make rewriting flash memory MUCH slower when a cell is rewritten vs when it is already empty. That is why TRIM is used with SSDs to clean up and erase previously used cells that have been removed from active service. Because of the tiny size of SD and MicroSD cards, there is simply no room for a controller with that kind of sophistication. I've not tested for this specifically, but I'm sure it would be a factor.
5) I noted that I've tried this before. I don't perform regular backups to SD cards, but I do use a MicroSD card and the MobileMate card reader as an emergency recovery mechanism for my laptop. Because it is so tiny, it's perfect for carrying an emergency recovery disk that I made with me at all times. This allows me to boot either Macrium Reflect and restore an emergency image that is also on the same card, or to choose from booting either a standard Win 10 or Win 11 installation disk. I can choose to boot from any one of those all on the same MicroSD card. I even have another BitLocker encrypted partition on the same card with a backup copy of all my important documents and files.
I have to admit that it's been a long time since I researched the issues of longevity or performance degradation on SD cards, so I will try again in the morning to see if there is any new info on the topic that I can find. If I find anything, I will post it to this thread.