I’m not seeing any issues uploading to the media library with the same settings. (Note that the sanitization bypass for editor role won’t work since editors can’t upload unless selected in the allowed roles field above).
If you’re logged in as admin, and have admin selected in allowed roles, you should be fine to upload SVG files regardless of the sanitization bypass for admin option.
I’ve just tested and can’t reproduce your issue. If you could please share as much info as possible, like server setup, php version, and the SVG file itself, I’ll be happy to keep trying to reproduce the issue.
Also might be worth testing with all other plugins deactivated in case it’s a plugin conflict somewhere.