This worked... for a while... but eventually the low density disks written with high density data can start to develop data errors and become corrupted and unreadable.
The way that magnetic media works is that it has a coating that can retain a magnetic field that has been imprinted on it, and it has a resistance to demagnetization / remagnetization, known as coercitvity.
Magnetic media needs to be able to resist casual demagnetization by the Earth's magnetic field, from other magnetic media placed near it, but most importantly from other data written directly onto the media.
On most disks there is usually up to a full track width of space between adjacent tracks, because in addition to writing an imprint of a magnetic field directly underneath the drive head, there will be an additional unfocused fringe of a magnetic field around the edges of the drive head. If the tracks are space too closely together, this fringing can partially overwrite the magnetic patterns of adjacent tracks.
For a high density disk, the media has a much higher coercivity. A low-density drive will not be able to write to these disks because its drive head does not produce a strong enough magnetic field.
For a low density disk written with a high density drive head, the signal intensity is stronger but also smaller, but with also a stronger unfocused fringe around the drive head. This unfocused fringe has minimal effect on a high density disk, but for a low density disk it can be strong enough to change the media.
If this is happening, the high density data is slowly corrupted as the disk is filled with data over time.
Also because the data is more closely packed together on the media, it is possible for adjacent high intensity magnetic patterns to erase each other in a sort of tug of war on low density media.
For a bit pattern of 11011 the center zero bit is being stressed by the two outer 1 bits on either side with an opposing field. Over time the magnetic field in the center may weaken and disappear, becoming unreadable as 11#11, or it may flip entirely to match the two outer fields as 11111.
Temperature also has an effect on media coercive stability, so if these specially written disks are kept in a cool storage location, they are more likely to be readable later than if they are kept in a very hot attic for years.