That's not the kind of model it is. The standard model is one example of a quantum field theory. You should think of Wolfram's idea as a different formalism (ie. not QFT), not a different example. It so happens that Wolfram's multiway model (allegedly, I can't evaluate it fairly for myself) also contains GR as a low-energy limit.
It's like inventing a new operating system (we currently have 3ish, Newtonian, Quantum, and GR) instead of writing a new program (baseball, orbital motion, chemistry, gravitational waves, etc.) Perhaps new programs can be written on this new OS that couldn't be written before. If known programs cannot run on this new OS then it is defective.
>If known programs cannot run on this new OS then it is defective.
I understand the problem is that, like String Theory, this framework has a practically unlimited supply of variables that can simply be tuned to fit existing experiments, while not offering any way to be tested.
Of course it contains GR as a low-energy limit. Where it can be physically checked, it is equivalent to the existing successful theory; where it makes new predictions, it can't be checked and so is almost certainly wrong. To make progress in physics you need to apply yourself to a real open problem (like "Dark Matter") or get new data (from quantum computers or primordial gravitational waves, maybe). The only good thing that can be said about Wolfram is that he is not paid with my taxes, because plenty of cranks in physics are.
It's like inventing a new operating system (we currently have 3ish, Newtonian, Quantum, and GR) instead of writing a new program (baseball, orbital motion, chemistry, gravitational waves, etc.) Perhaps new programs can be written on this new OS that couldn't be written before. If known programs cannot run on this new OS then it is defective.