One concrete issue with this technique: it doesn't "loop". Meaning, for example, if initially method #3 doesn't work but method #4 does, it'll settle on method #4. If later, method #3 starts working, it won't switch it. Worse, if method #4 stops working, it'll just always fail.
I imagine this isn't an issue for rsync's use but could be a concern if applying it more generally.