Does she have ECVM also? With chronic instability in the low neck and no treatments so far, I could see arthritis progressing that much by this age. But the OCD fragments are certainly not new, and likely were there by 2-3 years old. Possible the rads weren’t great quality. Also had a vet tell me a story where a PPE vet sent them images where they just duplicated/flipped one image from one side to pass it off as the other side instead of sending the true image of the other side which showed significant pathology. I don’t want to believe that vets actually do this, but apparently some do.
My friend just put down a 5 yo diagnosed with Wobblers. She was present for the PPE. There was a question on the neck rads per her home vet, but not definitive. Subsequent imaging showed disc disease and a major bone fragment that was apparently just missed via the angle of the PPE images. Definitely congenital. Went from jumping around 3’ no problem to falling multiple times in the field, severe unblockable front end lameness (appeared like an abscess but no abscess ever found and resolved in a few weeks), tremors, and then a rotational fall under saddle.
In any event, if you want to try to make this horse a riding horse, you may need help from a specialist. Biologics are an option but can be risky in the neck for some and may not have as much pain relief power as steroids. And as I mentioned sometimes they can bore out the bone some where the nerves are being compressed if that is the primary pain issue.