Apart from flashing a ctrtransfer image of the desired version (assuming it exists) (or, even better, a backup of your own console on said version), the classic downgrade involves "simply" obtaining the full set of cias for the desired version and installing them (for example, with the SysDowngrader homebrew)I understand. Still, how do I downgrade to 4.2 on an EmuNand?
The caveats are:
1- since the kernel included with 11.0, there are enforced minimum versions of titles to be installed - some CFWs bypass this (or you could simply ctrtransfer/restore to a lower version first)
2- you can't legally download directly from Nintendo older versions of key titles, since they have been removed from servers