Interestingly, there is an entirely successful Category Five retcon on record. I’m serious. It absolutely worked, even though it was essentially unplanned and uncontrolled. That retcon is today called the Silver Age of Comics. They started over all the comics and continuities — largely just ignoring the old stories and later giving them their own universe. And the essential proof of concept happened again in the nineties, when Batman: The Animated Series gave birth to the DC Animated Universe — which held to a completely separate tight continuity over the course of a decade.