So if they know it wont work, and do not put that info into the store's compatibility matrix then it's still a bait/switch to me. Compare to the Resident Evil page which does set the store limits on what devices can dl it.
You can set the minimum deployment to iOS 17 & then if someone has iPhone X*, 11 or SE then you can alert them to get a refund when they open the app either with a device check or total memory check. That'll set it so you remove most of the issues of older devices.
It's clearly spelled out, App Store refunds work more often than they don't...
...and it's a $1.99 risk ffs.
Tangential point: It's super easy to go off the rails and on a rant, while the real reason behind someone's "bait/switch" is external, trivial, and benign. We tend to judge others by their actions, but ourselves by our intentions. I used a German company's excellent sleep supplement (and later worked for that company, too) which was being bashed on Facebook as "non FDA approved snake oil". Meanwhile, the FDA refused (and still refuses) to even look at anything outside actual drugs, even if you wanted them to. Sometimes your hands are just tied.