Hello @ri ,
Thanks for your feedback.
I just want to confirm that you know mke04z4.svd corresponds to MKE04P24M48SF0RM, not MKE04P80M48SF0RM.
Arm Cortex-M0+|Kinetis KE04 48 MHz 32-bit 5V MCUs | NXP Semiconductors

The latter should use the MKE04Z1284.svd file instead.
I have checked the FTM2CLKPS bit in MKE04P24M48SF0RM, and it appears to be correct.
So I suspect that you might have referenced the wrong reference manual. If you still encounter any issues, feel free to contact me again.

BR
Celeste