I think people were recommending a 6th character be used to reset your instance and that 6th character could be on one of your 5 accounts. One recent discussion on how to do this:
https://www.dual-boxing.com/threads/55897-WoW-Classic-stress-test-Ragefire-Chasm-(RFC)-Full-run-part-1?p=421818&viewfull=1#post421818
A ranged spell based party should be doable with some benefits from being ranged. Thankfully rotations in Classic aren't that difficult to be able to handle different classes with reasonable efficiency.
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