Yes, you can just add the patch to target/linux/ar71xx/patches-3.18/platform so that it will apply. Not sure if there will be other problems, but if it applies, it should fine.

Be sure to do a make target/linux/{clean,compile} so that the kernel is rebuilt

Be sure to check the code in build_dir/target…/linux-generic/linux-3.18/… find the file to check if the patch is applied.

Then make sure the voltage is 3.3V, not 5V.

I am not sure if there is any other things, but have to try and try.