But that's part of the appeal of putting the first unit into testing/service on the Conwy Valley, unless it's north of Glan Conwy it can fail wherever and however it wants and it won't be in the way of any other train: all you'd have to do is summon a rail replacement bus to take over. An early/late positional move along the coast shouldn't be that risky, and it could even stable at the Junction several nights a week, if that was desired.
Clearance issues for overhead electrification do exist (though aren't necessarily insurmountable), but that shouldn't be an issue for any diesel passenger stock. Bear in mind that until the Conwy Tunnel opened in 1991 there was a regular freightliner service operating to Holyhead, see
this page of the Penmorfa website.
I think that most, if not all, of this news from whichever forum is indeed rumour.