There is a single queue. invokeMethod() produces a QEvent which is a "QMetaCallEvent". It's event index 43, and you can see it here as QEvent::MetaCall
:
http://doc.qt.io/qt-5/qevent.html#Type-enum
It is put into the queue in qmetaobject.cpp
...where "invoking" triggers a call to QApplication's postEvent. Here is the link to that line at the time of writing at the time of updating broken gitorious links
/src/corelib/kernel/qmetaobject.cpp
line 2228
There is no "priority" parameter passed, so signal/slot calls will always be Qt::NormalEventPriority.
The details of this are not really contractually laid out too well in the documentation, so I'd be cautious of assuming too much about the behavior on every platform and version in the future. If you need a rigorous contract for the ordering of event processing in some part of your program, you might be best off coding your own explicit protocol.