Ironic's configuration in 4.7 contains the wrong kernel command line argument, instead of ipa-inspection-collectors=, it's incorrectly listed as ipa-inspector-collectors=
This is a regression in https://bugzilla.redhat.com/show_bug.cgi?id=1866123 caused by rebase on upstream. Upstream has been fixed now.
Verified on 4.7.0-0.nightly-2020-12-13-125844
Since the problem described in this bug report should be resolved in a recent advisory, it has been closed with a resolution of ERRATA. For information on the advisory (Moderate: OpenShift Container Platform 4.7.0 security, bug fix, and enhancement update), and where to find the updated files, follow the link below. If the solution does not work for you, open a new bug report. https://access.redhat.com/errata/RHSA-2020:5633