This is inherent complexity for a full-featured ORM. For any future refactoring, consider extracting query compilation strategies into more focused modules. The existing separation into sql/compiler.py, sql/query.py, sql/where.py is already a good pattern.
Consider splitting ModelAdmin's view methods into a separate mixin or module (e.g., admin/views/model_views.py) to separate view logic from configuration. This would improve testability and reduce the cognitive load of options.py.
Django already documents this risk. Consider adding a runtime warning when GZipMiddleware is used alongside CSRF middleware, or adding BREACH mitigation techniques (e.g., random padding) to the compression output.
While this is a mature framework file, consider splitting into separate concerns: form handling, permission checking, view dispatching, and inline management. This would improve testability and maintainability.
Extract SQL generation strategies per clause type (SELECT, WHERE, JOIN, GROUP BY) into dedicated helper classes. This is a long-term refactor that would improve the ability to add new SQL features.