There are many questions on this site that ask whether the expansion of space could instead be interpreted as a speed of light that changes over time, e.g.:
Has the speed of light changed over time?
Space expanding, or light slowing down?
$c$ slowing down rather than universe expanding?
Is the universe expanding at an increasing rate or is time slowing down or is $c$ changing?
Why speed of light in vacuum remains constant over space and time?
But they're all rather vague and so difficult to answer precisely. I have a more precise version of this question.
Q1. The Minkowski metric is
$$ds^2 = -c_0^2 dt^2 + (d{\bf x})^2, \tag{1}$$
where $c_0$ is the speed of light and $(d{\bf x})^2$ represents the ordinary Euclidean metric on $\mathbb{R}^3$. It seems to me that the simplest generalization of this metric that has what you might reasonably call a "variable speed of light" is just the metric
$$ds^2 = -c(t)^2 dt^2 + (d{\bf x})^2, \qquad c:\mathbb{R} \to \mathbb{R}^+, \tag{2}$$ which picks out a preferred slicing of spacetime.
This metric is conformally equivalent to the FRW metric
$$ds^2 = -c_0^2 dt^2 + a(t)^2 d{\bf x}^2 \tag{3}$$
if we let $a(t) = c_0/c(t)$, with the two metrics (2) and (3) related by the conformal factor $\Omega(x) = a(t)$.
Are these two metrics actually isometric (or "diffeomorphic" in the standard physicist terminology) as well as just conformal? If not, what experiment could you perform to distinguish them?
Q2. (Softer and more subjective.) The Minkowski metric (1) can be almost completely equivalently written as
$$-d\tau^2 = -dt^2 + d{\bf x}^2/c_0^2, \tag{4}$$ which just reformulates (1) to focus more on timelike rather than spacelike displacements. Starting from this formulation, the natural generalization to a time-variable speed of light is $$-d\tau^2 = -dt^2 + d{\bf x}^2/c(t)^2. \tag{5}$$ In other words, if we divide the metric by the constant $c_0^2$ (which is a completely trivial operation) before we promote it to a varying function, then we get a metric exactly proportional (not just conformal) to the FRW metric (3). To me, this gives extremely hand-wavy evidence that the metrics (2) and (3) may be physically equivalent, since (1) and (4) seem like physically equivalent starting points. If the metrics (2) and (3) are not physically equivalent, then is there any reason to think that either one is more natural to consider as "Minkowski space with a time-varying speed of light"? Which one, and why?
For both questions, I assume that nothing qualitatively new happens if we generalize the Euclidean metric $d{\bf x}^3$ to a more general time-independent Riemannian metric, but feel free to comment if that's wrong.
By the way, I'm not sure I agree with the answers to some of the linked questions. They correctly note that only dimensionless ratios are physically meaningful, so the absolute (dimensionful) scale of the speed of light is not physically meaningful in special relativity. Two universes described by special relativity on Minkowski space with different (finite) speeds of light would be physically equivalent as long as all of the dimensionless ratios in the Standard Model were the same.
But I don't think that argument applies to an expanding universe on curved spacetime, because the dimensionless function $c(t)/c_0$ (where $c_0$ is now just some reference constant) gives you a continuum of physically measurable dimensionless numbers. I won't get into the philosophical debate about whether metric (2) above "really" describes a universe with a time-varying speed of light; I'll just posit that it could reasonably be thought about that way (without suggesting that that's the only reasonable way to think about it).