Rouge Squadron could work if there isn't mass chaos on the screen like there normally is in a star wars movie. Which is fine, in smaller increments. Squadron would need a unique story to it, it would need a Top Gun...ish feel. Scale down the film, 5 on 5 dogfighting, not 5 vs 50 like in the movies. The CGI would need to be on point and very life like. Top Gun had the benefit of using actual planes showcasing their speed, maneuverability and the powerful sounds in which they produce. Top Gun is a movie made for the big screen, IMAX, Dolby Atmos preferred.
Also I'm not sold yet on a successful star wars story without the Force being involved.