If he is the legitimate Pope, then he has the full power of his office ...
If he is the FORMALLY legitimate Pope, then he has the full power of office. Cf. my earlier distinction of the layman pope-elect. He's certainly the Pope (in one respect) as soon as he accepts. But until he's ordained and then consecrated, he cannot fully exercise the papal office. He could probably start exercising the material or temporal aspects of the office, such as making appointments, relieving others of duty, etc. But he cannot fully command and certainly cannot teach in the Church until he becomes a bishop, since episcopacy is essential to being the pope, the Bishop of Rome. So the elected layman would be pope in one respect but not pope (yet) in another.
In any case, I'm a strong believer in the Siri explanation for what happened.
But, as I said, at the end of the day, I don't really care about the details of the explanation, since it's all private judgment opinion. I only care about those who claim that a fully/formally legitimate pope (vs. a pope-elect) can destroy the Church by use of the papal authority, which is protected by the Holy Spirit. That's largely why I've stayed out of this debate. I don't really care that much about the particulars. Maybe Paul VI was replaced by a double. Who knows, after the stunt they pulled with Sister Lucy? Perhaps he wasn't acting freely but was compelled by blackmail (that would render his acts null and void, since they weren't HIS free acts). There are any number of explanations ... as Archbishop Lefebvre himself mused in that video. But we cannot deny the principle which the Archbishop affirmed ... which is that the Church and the Papacy are GUIDED BY THE HOLY SPIRIT and are incapable of destroying the Church in the manner that we have witnessed.
We CAN rest assured in the dogmatic certainty that no "Pope" and no "Ecuмenical Council" did these things, but that "an enemy hath done this." But the mistake is to elevate the EXPLANATIONS and the PARTICULARS and DETAILS about the who, how, what, where, etc. to the same level as this dogmatic certainty. Nor do we have to care about the details. All we have to care about is -- Is the Conciliar Church the Catholic Church or is it not? And Archbishop Lefebvre was clear and definitive that it is not, but left the resolution of these particulars and details to eventual resolution by the Church. WAY TOO MUCH ink has been spilled on SVism vs. SPims vs. SIism (sede-impoundism), etc. That's a theological debate and will not be resolved definitively until the Church has been restored (if then). Heck, I don't have NEARLY as much a problem with the conservative Novus Ordites who uphold this same principle of the Church's indefectibility. I consider them to be materially mistaken in judging V2 and the NOM compatible with Catholicism. That's a mistake, and a far less grave error than attributing this disaster to Holy Mother Church.
That's why I have characterized myself as a DOGMATIC INDEFECTIBILIST, since the indefectibility and the holiness of the Church are dogmatic certainties. One can argue about the strict limits of infallibility or the "5 opinions" about what the disposition is of a heretical pope, and on and on. Mistake is to conflate the non-dogmatic explanations with the core dogmatic concern, the indefectibility and holiness of the Catholic Church.