That leaves v1.21 as the "sweet spot", but most of the sites that used to host that installer EXE have mysteriously disappeared.
It's like saying you can break BluRay DRM by recording the screen with your phone camera.
The other part is that there isn't a single definitive KFX file for a title. If you have an Oasis and I have a Paperwhite and we both download the same book, I believe we get different KFX files. There's no reason to doubt that there will be future Kindle devices that are even better with respect to typography and so you will need to re-download your library for that device.
Today, KFX can sometimes be De-DRM'd but it's gotten to the point where it's a cat and mouse game. It works for a while then Amazon changes something and breaks it. I don't doubt that essentially uncrackable DRM is achievable.
The real fix is legislative.