Shouldn't there be an option to couple up another unit and be able to release the brakes totally on the failed unit without having to go through the electronics? Another fully operational 700 must have enough brake force to stop the combined mass of the two units. Write a safety case to treat the failed unit as unbraked hauled coaching stock and allow movement at a reasonable speed (suggest 25mph).
In these circumstances, the priority is moving the errant unit.
On a connected point, why was the failed unit moved to Cricklewood, effectively shutting down the core, when it would have been possible to drag it south through Blackfriars and dump it in a bay platform there?
Presumably because, at 20 coaches long, Cricklewood is the only place you can run to and not need to worry about the length of the train whilst you are uncoupling the units. I can't think of too many other locations on the Thameslink route where you are going to be able to recess a 20 coach train, certainly not at Blackfriars, Herne Hill, Bellingham etc and presumably there isn't authority to recess a 20-coach train on the four track section between Blackfriars and Loughborough Junction and leave it there until the traffic dies down.