This majority hash power supporting them may do rogue things to core chain and the only option left at that time will be to change the algo.
They can surely attempt that. Good luck explaining this behavior to anyone looking to join their chain (investment, development and any other kind of form of interaction). "Remember that time when we played dictators and attacked anyone who didn't obey our rules?"

It started with Core...
Confession time: I lobbed the RAM grenades earlier. Core nodes were sufficiently armored to repel the shrapnel. All's fair in cryptoanarchy.