Thinned Wallis-type prime products in residue classes modulo $2^m$

For odd primes $p$ we consider the factors $$A(p)=\frac{p-\chi_4(p)}{p+\chi_4(p)}, \qquad \chi_4(p)= \begin{cases} 1,&p\equiv 1\pmod 4, \\ -1,&p\equiv 3\pmod 4, \end{cases}$$ and study products of $A(p)$ restricted to unions of residue classes modulo $2^m$. We give a simple criterion for the existence of a finite nonzero limit, prove a logarithmic asymptotic in the general case, and express the limiting constant in terms of Mertens-type constants in arithmetic progressions (hence in terms of Dirichlet $L$-values).