I whip out 19th / 20th century theologians ("recent theologians") because their own speculations and teachings are taken to be teachings of the Church, even to the point of being dogmatic teachings to many, which is one major reason we are in this crisis.
Leaving aside the rest of this post (which is more vitriolic than I feel comfortable being at the moment, I'll just say that much), this particular point is a a big. reason I haven't been convinced of Sedevacantism. In my experience, they tend to quote ultramontanist theologians from between Vatican I, and Vatican II, to defend their extremely high view of the papacy, but they can't prove to me that that was a consensus, or even if there was, that a consensus for a super short period of history is itself definitive. I might be wrong on how the ordinary magisterium works, but I haven't yet been shown that *the Church* teaches that 5-6 popes in a row teaching something in non-infallible encyclicals means that it has to be right.
To be honest, it makes sense to me. Post Vatican I, and Pre Vatican II, the Papacy really was a bastion of conservatism against the influx of modernism, so it makes total sense to me that guys like Pius IX, Pius X, and Pius XII would've been really optimistic about their own offices. I don't see why the fact that they were ultramontanists means they had to be right. At any rate, they presumably *also* would've said that whoever the College of Cardinals elects as a pope can't be questioned, so either way, they were wrong about something (even if you take the hermeneutic of continuity approach, which I realize most people here don't, you still are going to have to put a lot more scrutiny on Francis' encyclicals than St Pius X would've wanted applied to his.)
If someone could show me a moral unanimity, from the very beginning of the Church till now, or even perhaps from the Great Schism till now, of that very high view of the papacy, that would make me seriously consider sedevacantism, but until that is done, I don't feel obligated to it because some even highly esteemed theologians and popes between Vatican I and Vatican II had a view of the papacy that would seem to demand it now.