Variable speed of light theories are plagued by a number of issues. It does not play well with any number of theories that incorporate c in their formulation - like the nuclear fine structure constant. It unavoidably breaks Lorentz, diffeomorphism and time translational invariance, implying a violation of energy conservation. And plays strangely with gravity, suggesting both gravity and its propogation speed must also vary to avoid conflicts with well established observational evidence. It's not that such a thing is not possible, but, would have far reaching consequences for GR and much of physics.