A much simpler task than repurposing v4 multicast would be to just use the
exisiting /8 that everyone already has in use.  May I present for your
consideration;   127.0.0.0/8

one address is used for loopback, there is existence proof that NTP clocks
use addresses in this space, and (emperically) I build a small enterprise
network out of 127.0.0.0/8 subnets. Granted, it was a few years back, and
hurdles abound, but it is going to be easier than co-opting 240.0.0.0/4

/Wm
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