I did think Jordan used to be perfect and that he would not longer fit. But I think the veteran angle could work, he doesn't look THAT old. Honestly it would excite the hell out of me if it came off because he would take it really seriously and bring attention to a brand that took heavy damage.
Side note, I know HJ fans don't like it and I understand them, but a parallax story would be awesome IMO. We've never seen a true superhero turn villain before in a comic book film, I don't think. A scene where he recreates his deceased parents and talks to them in the artificially constructed coast city would be incredible.