IMO this file is simply an exact image of flash contents, no compression, no byte swaps, no encryption, no obfuscation, no nothing, and needs to be written to device program memory verbatim. Reasons:
1. Size is precisely 65536 bytes.
2. The file contains several ASCII strings including IP addresses which make perfect sense and aren't mangled in any way.
3. Disassembly (objdump -b binary -m arm --disassembler-options=force-thumb -D AZGTi_motor_controller_firmware_right_arm_0340.MCF) produces output that may be reasonable code, for example I see many instances of cmp followed by conditional branches. Although take this with a grain of salt, I have no real familiarity with ARM assembly.
My advice:
1. Go back to the first post, change the title to "how to rescue a bricked STM32whatever given suspected raw firmware image".
2. Move this thread (find a button at the bottom of the page) to the "microcontrollers" section.
Rationale: this is a highly specific MCU issue, it has little to do with telescopes, everything to do with microcontrollers, you need help of people familiar with STM chips and programmers.
One more important question: are you 100% sure there are no other chips inside and this is the one which you tried to upgrade?