Can you explain this in more detail? CICO seems like it might oversimplify things but it always seemed like a really sane basis for helping shape your diet. If you need to lose weight, you should plan meals to create a calorie deficit. But yes, I would not be surprised to learn that fasting on day X and consuming double your normal calories on day X+1 are not equivalent.
The description of CICO as a "monumental failure" sounds like there's substantial evidence to the contrary -- can you share more info?