The only legacy acts I could see having success with that format would be acts with larger-than-life legendary personalities and massive continued success years after their main work ended AND aren't too reliant on the actual performance of the music. I'd say Queen could easily pull it off, so could ABBA, Michael Jackson as well. The image of those acts far outshines the musicianship in the eyes of the vast majority of the general public and that could easily be recreated to perfection with some sort of touring hologram experience. Plus they've all long since become "brands" first and foremost, moreso than pretty much any other bands out there.
Bands like Led Zeppelin and Pink Floyd have similar status in pop culture. but Zeppelin needs actual band interplay live, they would need more than just a Robert Plant hologram for people to buy into it. And Floyd's live show is a spectacle that goes beyond the musicians, you could have anybody playing the music as long as stuff like the flying pig and the wall and the laser light shows are going on. Tribute bands have been doing a good job with that stuff and will likely continue to do so rendering official hologram continuations redundant.
Pretty much any other band I don't think could pull it off. I could see The Beatles trying it out maybe but I dunno if that would stick since they were never as known for their live performances anyway. They're more suited to Cirque Du Soleil types of shows like they've already had.