And that's not even to mention, any of the students that know they aren't following along, but don't really care and would rather zone out/sit on their phone the whole lecture than get 1:1 help. Do you really expect most students will seek help for themselves?
Perhaps you could modify your plan and say that students who got lower than a B+ or something on a recent quiz are required to attend the breakout group to get help from the teacher, it's not up to them to self-select. But then you're back to... the status quo, that "breakout group" is just the regular classroom. You have one class for the advanced students to go through material quicker, and another class for everyone else. That's already the way many schools are structured.
Furthermore, unless we suddenly hire a lot more teachers each student's group is going to essentially be their normal class and we are back to the whole class being kept back when someone needs extra help. Again, the only difference seems to be the main lecture is performed by someone besides the students' teacher. This could be better if the new teacher really is "world class", but I doubt it will be an extreme improvement.
But a pre-recorded lecture is usually much shorter than a live lecture. The one-way communication of a one hour class can usually be condensed into a 10-20 min video recording. This is by using a script that optimizes the time to communicate the information in the best possible way.
The rest of the time should be spent learning by doing or talking to others.
But I'm not sure it replaces anything that exists (I'm not sure you argued this!). A core reason we have teachers and not a TV screen is because they can organically read the room and adjust the lesson plan in real time. That feedback loop is constantly ongoing even if you never noticed it.
I don't want to jump too far through the experiment but I think the conclusion is the same: any good idea is really just, "we need to do more." So if the argument is that we can do more with the same resources, I fear it's because we fail to grok what those resources are actually doing today.