QB is designed to help students who are incredibly smart but haven’t been given as many opportunities as wealthier students. It essentially amounts to giving you a leg to stand on, which is a very good thing in a process this competitive, and a leg that you don’t have if you apply normal ED.
Your application will be read in comparison with other QB applications who have ranked the school rather than the general admission pool. As a result you will be more likely to get into one of the top schools that you have ranked; especially with your stats and experiences, you will be a very solid applicant in QB. The caveat is, if you have your heart set on Wharton but you match with Brown, you’d have to attend Brown.
As a former admissions counselor, I’d say that your chances of matching with a Top 10 school through QB are very high. On the other hand, unfortunately, low-income Asian males statistically do not have great chances in normal rounds of admission at any top school. Especially with the activities you have and the types of students Wharton tends to favor (wealthy, connected, lots of entrepreneurship and business experience, etc), your chances at Wharton would be lower, and the entire admissions process harder, if you applied ED without QB.
Overall, if you have your heart set on Wharton and wouldn’t attend any other top school, apply ED and see what happens. If you’re even slightly open to other options, apply through QB, and don’t forget that you’ll still be in the running for Wharton.
Would be happy to chat more - feel free to PM me.