There will almost certainly be failures in devices without battery-backed clocks (eg, Raspberry Pi) that boot in 1970 and rely on NTP to get the correct time, because NTP can’t tell them they are in Era 1 not Era 0.
To fix this you need a persistent low water mark on the time, compiled into the NTP program and/or stored in the filesystem (eg the timestamp on the NTP drift file). Then NTP timestamps can be interpreted as spanning the 136 years after the low water mark, using modular arithmetic.