If changing a consumer unit in an emergency situation that is what I do and in my view it's the best way to interface with very old cable. Screw terminals just destroy it. Of course it still needs replacing as soon as possible, but sometimes changing the CU is even more urgent, e.g. if there's no front cover or live parts are exposed.
LED bulbs can present challenges; induced voltage from other cables can cause interesting things to happen to LED bulbs, especially cheaper ones, including staying on, flashing, or remaining dim.
Normally I'd suggest swapping the two strapper wires over, but on this one I really wouldn't touch it again, it's not worth it!