You've mentioned some light phenomenon and tried to relate them with theories.
The connection between Fermat's principle and the Faraday effect
The Fermat's principle is mathematical treatment of geometrical optics, while the Faraday effect is light phenomenon that is based on the EM wave nature of light.
Fermat's principle is used to explain how light bends as it passes through lenses and mirrors, while the Faraday effect is used to explain how the polarization of light is rotated when it passes through a magnetic field.
Both of these effects have different applications, Fermat's principle is used in the design and analysis of optical systems such as cameras, telescopes, and microscopes, while the Faraday effect is used in applications such as isolator, remote sensing, navigation, and telecommunications. The faraday effect induces birefringence in material check my answer here.
Validity of Law of Reversibility
The Law of Reversibility is reciprocal to geometrical optics (minus dispersion) and is only valid under the assumption of straight-line light propagation and linear optical properties of the medium. In general, Geometric optics is an approximation that ignore several phenomenon and is useful when we take the shortcut in many cases where using the wave theory is just extra work.
The optical path length can be different for the same path but different directions in the presence of a magnetic field due to the Faraday effect. The magnetic field can affect the refractive index of the medium, which in turn affects the optical path length of light traveling through the medium. This is why the Law of Reversibility is violated by the Faraday effect.
PS: The optical path is the product of refractive index of that medium and length of path:
Light theories, Phenomenon and Branches of optics
There are three main branches of optics that differentiate different light phenomenons. Different light theories explains these phenomenon assuming light as photons, particles, energy, waves or rays.
Quantum Mechanics unifies all theories and describes light as a wave-particle duality, It says that Wave nature of light dominates when light interacts with light. The particle nature of light dominates when the light interacts with matter (micro-scopic particles)
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Following picture visually maps and explains the the relations of light theories, phenomenon and optic branches.