I did a polyphasic sleep cycle in college (2010's) for 6 months out of necessity and it worked really well.
The way I got it to work was by meticulously tracking my REM sleep. I would have sliding 3-4 hour windows to hit REM sleep and if I didn't, it just felt like a sluggish day, not any worse than being woken up by a fire alarm at 4am or a long thursday night.