An option so that redstone isnt ticked no matter what would be really nice so that redstone machines dont speed up while another player is sleeping.

You can set "Tick Block Entities" to false in the configuration; among other things this will disable the acceleration of redstone machines 🙂

I was looking more for a stanalone option that disables redstone ticking during sleep while the rest of the blocks can still tick.

Ah, gotcha. I'll see if I can separate that out into a standalone configuration option 👍