Do you think if me and my team back here at my town come up with a super persice route and very well timing for glitches and tech that we will discover, Do you think sub 1 is possible?

I can't see sub 1 a thing on this game due to the number of levels and coins you need to get (if you mean Story Mode Any%). If there are glitches I don't think there will be useful for speedrunning.

Sub 2 on the other hand is doable.

Sub hour completion is possible with Luigi skips I believe. Sub 2 is possible without.

I honestly think sub one as of now is way too far to be a possibility. Unlike SMO sub 1 where it was only a couple of minutes off this game's Any% is a full hour off sub 1.

Have you seen any Summoning Salt vids lol? Never assume something is impossible in speedrunning until it is mathematically proven to be!