Except that "the old guard" won't be involved.
Term limits is high on the list of the Article V Movement. And it would pass -- because the people making the determination on term limits for Senators and Congressmen would not themselves be affected (state legislators, delegates, etc.).
I generally agree with this. It's similar to how gun control laws are only effective for those who obey laws, and thus are not needed to start, and have no effect at all on the lawless.
However, it is still the last possible "civil" solution in my eyes. If we cannot regain control through civil means, then there is really only one further option.
An Article V that does not first address term limits is not going to accomplishment much. And the old guard from both parties will fight that tooth and nail.
One of his proposed amendments provides term limits. Clearly, this is a MUST. Another of his amendments returns appointments of senators by state governments and not elections, if I am not mistaken.