The theory isn't that bad, but generally, the analysis is pretty wrong about the events. The trim tab is completely missing, what they called the trim tab is the full elevator. Next, the plane did, if at all, a high speed stall. But it rather looks like a uncontrolled flight into terrain.
Also, I am not sure how much room there is behind the seat for it to fall backwards, such a fighter plane is no A380.
At the accelerations that you have to expect there, EVERYTHING can break loose even in a new fighter plane. Not just the seat, many things including the pilot would be much closer to failure.
Also, I think the analysis is not right about the position of the pilot: During taxi, you are not in the seat, but bow a bit forward for having a better view where you are going in such a plane.
In all P-51 planes I have seen so far, the seat is at the beginning of the second third of the wing root. I have no reason to assume huge variations there because of modifications - you would have to change the full cockpit and control systems for that.
Also, the modified canopy saves weight by reducing the amount of heavy glass (likely hot formed Plexiglas, it is pretty common, but still a bit heavy), so the pilot has only as much view outside as needed for a race.
Also, the pilot was able to send a mayday BEFORE the problems really started. if he noticed the problem during the loss of the trim tab, it would have been too late to communicate. A sudden 10-15g peak is already far beyond the limits for a fighter pilot with modern hydrostatic Multi-G suits. And you can in such a fighter plane only have no g-suits or hydrostatic ones (because hydrostatic g-suits are self-contained units). If the trim tab breaks off and makes your elevator uncontrolled, you will likely instantly pass out. In the only known accidents of that type, the pilot only climbed by 9000 ft before recovering from his g-induced blackout.
I think, the accident could also have a much less technical cause. What if the pilot had a heart attack or a stroke and aborted the race? he could have send mayday because he noticed something was going badly wrong, pulled out of the race and then passed out at the wrong time. The tail wheel and the trim tab could then be also explained by the uncontrolled plane exceeding the structural limits.
Not to discriminate old people, even a 8 year old can have a heart attack. But the chance of having it during old age, while under stress and while pulling high gs, is much higher.
(Also, from thinking about it: For the pilot seat to fall BACKWARDS by breaking, the acceleration vector of the plane relative to the seat in free motion would need to point forward: The plane would need to suddenly increase its speed like a rocket. But such strong accelerations are only possible vertically, up or down - or by another plane ramming it from behind, which also didn't happen.)