[tjradcliffe]

The only caveat to this is the ontological status of Faraday's "lines of force". Their model is based on these, and so far as anyone knows they are just a conceptual or pedagogical convenience. They have a quantitative meaning (you can actually calculate the "density of lines of force" between two charges or magnetic dipoles) but they aren't really good for much. They are generally mentioned in passing in intro or intermediate E&M courses, but mostly as a matter of historical interest.

If they could be shown to have independent effect of the kind that the vector potential was shown to have via the Ahronov-Bohm effect, then this whole approach to quantization would become extremely interesting. Otherwise, you're right: it's just another interpretation of QM, and not a very interesting one at that (despite their claims, as I explained in a separate comment, they can't reproduce the experimental violations of the CHSH inequalities in Aspect's and other experiments that introduce time-variation to precisely rule out the kind of prior communication they are arguing for.)