Composite anion exchange membranes (AEMs) based on poly(terphenylene piperidinium) (PTPiQA) and impregnated with varying loadings of quaternized graphene oxide (QGO) as filler were developed, and their properties as anion exchange membranes for use in water electrolysis (AEMWEs) and fuel cells (AEMFCs) were explored. This study investigates the trade-off between mechanical robustness, ionic conductivity, and alkaline stability in QGO-reinforced twisted polymer backbones. QGO synthesized by functionalization with ethylenediamine (EDA), followed by quaternization with glycidyl trimethylammonium chloride (GTMAC), was used as a filler for PTPiQA, and the properties of the resulting composites PTPiQA-QGO-X investigated as a function of QGO loading for X between 0.1 and 0.7 wt%. Among all compositions, PTPiQA-QGO-0.3% exhibited the highest OH⁻ conductivity of 71.56 mS cm⁻¹ at room temperature, attributed to enhanced ionic connectivity and water uptake. However, this increase in conductivity was accompanied by a slight decrease in ion exchange capacity (IEC) retention (91.8%) during an alkaline stability test in 1 M KOH at 60 °C for 336 h due to localized cation degradation. Mechanical testing revealed that PTPiQA-QGO-0.3% offered optimal dry and wet tensile strength (dry TS of 42.77 MPa and wet TS of 30.20 MPa), whereas higher QGO loadings yielded low mechanical strength. These findings highlight that 0.3 wt% QGO balances ion transport efficiency and mechanical strength, while higher loadings improve alkaline durability, compromising mechanical durability and guiding the rational design of AEMs for AEMWEs and AEMFCs.