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Ask HN: Moving from Senior Manager to Remote IC

Due to some health issues of my spouse, we have decided to move from the Bay Area back to the Chicago suburbs to be closer to extended family. I work at a FANG company which occasionally allows IC equivalent of manager and above to work remotely if there extenutating circumstances. I am considering talking with my director or VP about transitioning back to an individual contributor role, as it would be great to keep a high salary in a lower cost of living area, and not have to start my domain knowledge and relationships over again at another company. I'm assuming this would more or less kill my upward progression within this company which I'm not overly worried about, I am just not sure if the logistics makes sense, or if this is something typically tried and done successfully. I would be interested to know if anyone else has tried this and whether or not they've been successful