The Asus router do have a built in Wi-Fi analyzer and I am aware of the issue with several routers transmitting on the same channel. I am currently on channel 11 and it is not very crowded at all.
I have however hopefully identified the root of this issue! I'm still crossing my fingers but it looks very promising so far. To my router I have connected a device called Fingbox. This is a device that "lets me secure and troubleshoot my network from anywhere" During my investigation in another issue I see that several people have experienced issues with their network after connecting such a Fingbox. Although I was not really believing it could be the cause of this issue since I see no other problems with my network the Fingbox has been a small suspect.
I disconnected it on Thursday and the 536HP has been working without issues since. I can connect to the 2.4 GHz band, turn off the radio and back on again and then it reappears on the net within 20 seconds. I can use the Siren App and it works every single time. I've tried to restart the 536HP three-four times since Thursday to try to provoke the problem to reappear but it comes online again every time. My current conclusion is that the Fingbox was somehow denying the 536 access to the router.
Looking through the log from the router I can only find one event since Thursday where the 536 appears to have been offline without me turning it off. I did not notice when it happened though. The 536HP has the MAC address FC:4D:xx:E2:xx:72. As you can see in the log below something happened at 23:07:23 yesterday that made the 536 (and another device) re-associate to the network at 23:07:28 (Jan 11 23:07:28 : eth6: ReAssoc FC:4D:xx:E2:xx:72)
It was then disconnected at 23:07:29 (Jan 11 23:07:29 WLCEVENTD: eth6: Disassoc FC:4D:xx:E2:xx:72)
And then finally reconnected just over 30 seconds later at 23:08:02 (Jan 11 23:08:02 WLCEVENTD: eth6: Assoc FC:4D:xx:E2:xx:72)
In the same timespan several disconnects and connections occurred. Again, I can't really say that I noticed any internet outage at this time.
Maybe you can identify what happened?
Jan 11 23:07:23 rc_service: cfg_server 6877:notify_rc restart_wireless
Jan 11 23:07:23 kernel: bond0: the permanent HWaddr of eth3 - 04:xxxx:b0 - is still in use by bond0 - set the HWaddr of eth3 to a different address to avoid conflicts
Jan 11 23:07:24 kernel: ubi1: attaching mtd9
Jan 11 23:07:24 kernel: ubi1: scanning is finished
Jan 11 23:07:24 kernel: ubi1: attached mtd9 (name "misc1", size 8 MiB)
Jan 11 23:07:24 kernel: ubi1: PEB size: 131072 bytes (128 KiB), LEB size: 126976 bytes
Jan 11 23:07:24 kernel: ubi1: min./max. I/O unit sizes: 2048/2048, sub-page size 2048
Jan 11 23:07:24 kernel: ubi1: VID header offset: 2048 (aligned 2048), data offset: 4096
Jan 11 23:07:24 kernel: ubi1: good PEBs: 64, bad PEBs: 0, corrupted PEBs: 0
Jan 11 23:07:24 kernel: ubi1: user volume: 1, internal volumes: 1, max. volumes count: 128
Jan 11 23:07:24 kernel: ubi1: max/mean erase counter: 25/13, WL threshold: 4096, image sequence number: 1984005520
Jan 11 23:07:24 kernel: ubi1: available PEBs: 0, total reserved PEBs: 64, PEBs reserved for bad PEB handling: 4
Jan 11 23:07:24 kernel: ubi1: background thread "ubi_bgt1d" started, PID 19457
Jan 11 23:07:25 kernel: UBIFS (ubi1:0): UBIFS: mounted UBI device 1, volume 0, name "nvram", R/O mode
Jan 11 23:07:25 kernel: UBIFS (ubi1:0): LEB size: 126976 bytes (124 KiB), min./max. I/O unit sizes: 2048 bytes/2048 bytes
Jan 11 23:07:25 kernel: UBIFS (ubi1:0): FS size: 5840896 bytes (5 MiB, 46 LEBs), journal size 1015809 bytes (0 MiB, 6 LEBs)
Jan 11 23:07:25 kernel: UBIFS (ubi1:0): reserved for root: 275879 bytes (269 KiB)
Jan 11 23:07:25 kernel: UBIFS (ubi1:0): media format: w4/r0 (latest is w4/r0), UUID 769A777B-8225-4D5C-B218-B0692093C488, small LPT model
Jan 11 23:07:25 kernel: UBIFS (ubi1:0): un-mount UBI device 1
Jan 11 23:07:25 kernel: ubi1: detaching mtd9
Jan 11 23:07:25 kernel: ubi1: mtd9 is detached
Jan 11 23:07:27 kernel: Bonding Port enabled mask 0x000c
Jan 11 23:07:27 kernel: NOTE: Using Port Grouping for IMP ports : [ 0 --> 4 ] [ 1 --> 5 ] [ 2, 3, 7 --> 8 ]
Jan 11 23:07:28 : eth6: Assoc FC:xxxx:4A
Jan 11 23:07:28 : eth6: ReAssoc FC:4D:xx:E2:xx:72
Jan 11 23:07:28 : eth6: ReAssoc 00:xxxx:C1
Jan 11 23:07:28 : eth6: Assoc B8:xxxx:69
Jan 11 23:07:28 : eth8: Assoc F4:xxxx:80
Jan 11 23:07:29 WLCEVENTD: eth6: Disassoc FC:4D:xx:E2:xx:72
Jan 11 23:07:29 WLCEVENTD: eth6: Assoc F4:xxxx:A5
Jan 11 23:07:30 WLCEVENTD: eth8: Assoc D0:xxxx:BE
Jan 11 23:07:30 WLCEVENTD: eth6: Assoc F0:xxxx:4B
Jan 11 23:07:30 WLCEVENTD: eth6: Assoc 14:xxxx:65
Jan 11 23:07:31 WLCEVENTD: eth8: Assoc A0:xxxx

D
Jan 11 23:07:32 WLCEVENTD: eth8: Assoc 9C:xxxx:3D
Jan 11 23:07:34 WLCEVENTD: eth8: Disassoc F4:xxxx:80
Jan 11 23:07:37 WLCEVENTD: eth6: Assoc B8:xxxx:69
Jan 11 23:07:39 WLCEVENTD: eth6: Assoc A4:xxxx:7F
Jan 11 23:07:39 WLCEVENTD: eth6: Assoc 74:xxxx:C6
Jan 11 23:07:45 WLCEVENTD: eth6: Disassoc A4:xxxx:7F
Jan 11 23:07:45 WLCEVENTD: eth6: Disassoc 74:xxxx:C6
Jan 11 23:07:46 WLCEVENTD: wl0.1: Assoc F4:xxxx:80
Jan 11 23:08:02 WLCEVENTD: eth6: Assoc FC:4D:xx:E2:xx:72
Jan 11 23:08:30 WLCEVENTD: eth7: Assoc 00:xxxx:96
Jan 11 23:08:38 WLCEVENTD: eth7: Assoc 00:xxxx:7A
Jan 11 23:08:38 WLCEVENTD: eth7: Assoc 00:xxxx:72
Jan 11 23:08:46 WLCEVENTD: eth7: Assoc 74:xxxx:C6
Jan 11 23:08:48 WLCEVENTD: eth7: Assoc 00:xxxx:72