It would very much give vibes of TMP as is.But unless it ends with a remake of Metamorphosis, there's no pay-off.
Old man flies off into space at the end of his life, meets cloud and lives happily ever after.
People search for him but don't find him.
Aspects of it were retconned. But other aspects are still workable.The best Cochrane story was the novel Federation, and that was pretty much retconned by First Contact's characterisation of him.
Cochrane could still be pursued by Adrik Thorsen or Optimum remnants. And UESPA could also look for Cochrane, in some Valiant-type ship. And they visit the nine planets Cochrane visited as a part fo the search.
So a race to find him, that leads to some Mutara Nebula-like or Genesis-like battle between UESPA and Thorsen/Optimum. The victor's ship is too damage to continue searching for Cochrane and the trail goes force, forced them to head home. And maybe some aliens (Rigelian, Denobulans, Andorians, Tellarites, Kzinti, Nausicaans) are encountered along the way as part of an unofficial first contacts too.
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