OpenWRT extroot - and multiple configuration profile.

My GL-MT300A has 16GB mmc card installed inside. So I decided to create three swap-able extroots. That way, I can use various configuration "profiles", as well as have a "fail-back" configuration. First I partitioned my mmc card in the following way:
root@OpenWrt:~# fdisk -l /dev/mmcblk0
Disk /dev/mmcblk0: 14.5 GiB, 15560867840 bytes, 30392320 sectors
Units: sectors of 1 * 512 = 512 bytes
Sector size (logical/physical): 512 bytes / 512 bytes
I/O size (minimum/optimal): 512 bytes / 512 bytes
Disklabel type: dos
Disk identifier: 0x080b255d

Device         Boot   Start      End  Sectors  Size Id Type
/dev/mmcblk0p1         2048  1050623  1048576  512M 83 Linux
/dev/mmcblk0p2      1050624  2099199  1048576  512M 83 Linux
/dev/mmcblk0p3      2099200  3147775  1048576  512M 83 Linux
/dev/mmcblk0p4      3147776 30392319 27244544   13G 83 Linux

Then I've formatted all four partitions:
root@OpenWrt:~# mkfs.ext4 -L MMC1 /dev/mmcblk0p1

root@OpenWrt:~# mkfs.ext4 -L MMC2 /dev/mmcblk0p2

root@OpenWrt:~# mkfs.ext4 -L MMC3 /dev/mmcblk0p3

root@OpenWrt:~# mkfs.ext4 -L MMC4 /dev/mmcblk0p4

root@OpenWrt:~# blkid

/dev/mtdblock5: TYPE="squashfs"

/dev/mmcblk0: PTUUID="080b255d" PTTYPE="dos"

/dev/mmcblk0p1: LABEL="MMC1" UUID="11111111-1111-1111-1111-111111111111" TYPE="ext4" PARTUUID="88888888-01"

/dev/mmcblk0p2: LABEL="MMC2" UUID="22222222-2222-2222-2222-222222222222" TYPE="ext4" PARTUUID="88888888-02"

/dev/mmcblk0p3: LABEL="MMC3" UUID="33333333-3333-3333-3333-333333333333" TYPE="ext4" PARTUUID="88888888-03"

/dev/mmcblk0p4: LABEL="MMC4" UUID="44444444-4444-4444-4444-444444444444" TYPE="ext4" PARTUUID="88888888-04"

mkdir /mnt/mmc1 /mnt/mmc2 /mnt/mmc3 /mnt/mmc4

Then I mounted all FS to be able to create a copy of default /overlay:

root@OpenWrt:/etc/config# cat /etc/config/fstab

config 'global'

        option  anon_swap       '0'

        option  anon_mount      '0'

        option  auto_swap       '1'

        option  auto_mount      '1'

        option  delay_root      '5'

        option  check_fs        '0'

config 'mount'

        option target   '/mnt/mmc1'

        option label    'MMC1'

        option fstype   'ext4'

        option options  'noatime,nodiratime'

config 'mount'

        option target   '/mnt/mmc2'

        option label    'MMC2'

        option fstype   'ext4'

        option options  'noatime,nodiratime'

config 'mount'

        option target   '/mnt/mmc3'

        option label    'MMC3'

        option fstype   'ext4'

        option options  'noatime,nodiratime'

config 'mount'

        option target   '/mnt/mmc4'

        option label    'MMC4'

        option fstype   'ext4'

        option options  'noatime,nodiratime'

After reboot, I've cloned /overlay:
root@OpenWrt:~# tar -C /overlay -cvf - . | tar -C /mnt/mmc1 -xf -

And finally modified a banner a bit:
root@OpenWrt:~# echo "Boot from /dev/mtdblock6" >> /etc/banner

root@OpenWrt:~# cp /rom/etc/banner /mnt/mmc1/upper/etc/

root@OpenWrt:~# echo "Boot from MMC1" >> /mnt/mmc1/upper/etc/banner

Last step is change MMC1 target in fstab to /overlay

Results:
root@OpenWrt:~# df -h
Filesystem                Size      Used Available Use% Mounted on
/dev/root                 2.0M      2.0M         0 100% /rom
tmpfs                    61.4M     76.0K     61.3M   0% /tmp
/dev/mmcblk0p1          487.9M      3.8M    448.3M   1% /overlay
overlayfs:/overlay      487.9M      3.8M    448.3M   1% /
tmpfs                   512.0K         0    512.0K   0% /dev
/dev/mmcblk0p2          487.9M    780.0K    451.3M   0% /mnt/mmc2
/dev/mmcblk0p3          487.9M    780.0K    451.3M   0% /mnt/mmc3
/dev/mmcblk0p4           12.7G     40.0M     12.0G   0% /mnt/mmc4

root@OpenWrt:~# mount
/dev/root on /rom type squashfs (ro,relatime)
proc on /proc type proc (rw,nosuid,nodev,noexec,noatime)
sysfs on /sys type sysfs (rw,nosuid,nodev,noexec,noatime)
tmpfs on /tmp type tmpfs (rw,nosuid,nodev,noatime)
/dev/mmcblk0p1 on /overlay type ext4 (rw,noatime,nodiratime,data=ordered)
overlayfs:/overlay on / type overlay (rw,noatime,lowerdir=/,upperdir=/overlay/upper,workdir=/overlay/work)
tmpfs on /dev type tmpfs (rw,nosuid,relatime,size=512k,mode=755)
devpts on /dev/pts type devpts (rw,nosuid,noexec,relatime,mode=600)
/dev/mmcblk0p2 on /mnt/mmc2 type ext4 (rw,noatime,nodiratime,data=ordered)
/dev/mmcblk0p3 on /mnt/mmc3 type ext4 (rw,noatime,nodiratime,data=ordered)
/dev/mmcblk0p4 on /mnt/mmc4 type ext4 (rw,noatime,nodiratime,data=ordered)
debugfs on /sys/kernel/debug type debugfs (rw,noatime)