This is not a new idea. In the viXra article, Against the Tide: A Critical Review by Scientists of How Physics and Astronomy Get Done (188 pages), there is an article by Halton Arp which includes a discussion of the quasar NGC 7603:
Number 92 in my Atlas of Peculiar galaxies has a large companion on the end of a luminous arm. In 1971, a spectrum revealed that this companion had a 8000 km/sec higher redshift than the central, active Seyfert galaxy. This amount of excess redshift cannot be accomodated in the conventional picture where redshifts mean velocities in an expanding universe. They could not be at such different distances and be physically interacting.In 2002, an astro-ph paper, by M. Lopez-Corredoira and Carlos M. Gutierrez, described two even higher redshift objects sitting exactly on the filament connecting the two galaxies of the NGC 7603 system.
When Fred Hoyle heard about this he came up from the Cal Tech campus to my Carnegie office and asked to see the original picture. In 1972 he gave the prestigious Russell Lecture at the Seattle meeting of the American Astronomical Society and outlined a theory whereby younger galaxies radiated intrinsically redshifted photons. His theory of growing particle masses was a more general solution to the conventional field equations but was physically a Machian (not Einsteinian theory). At the end of the lecture he said the NGC 7603 observation created a crisis in physics and we needed to cross over the bridge to a radically more general physics.