Once sequenced, the thinking goes, we'll be able to do things like: explain and anticipate failures; predict what happens when you modulate the pathway an input takes on its way to becoming output; reconstruct algorithms the models have learned.
I'm not 100% sure this will work out like the mechinterp people think. If the neural representations and pathways are "clean" (organized into a a meaningful-to-humans hierarchy), it seems at least very plausible that the behaviors that AI xrisk people are worried about will mostly boil down to straightforward synthesis (i.e., mostly-linear-interpolation) of mostly-well-cataloged knowledge. And if that is true, then it does not seem hopeful that there would be a way to prevent the output they are worried about, other than just removing a bunch of the knowledge. So maybe there is no alignment solution at all.