Doesn't seem to work, testing on a clean Win11 21H2 VM:

MSI (s) (E4:08) [03:09:36:665]: Windows Installer installed the product. Product Name: QuickBooks. Product Version: 33.0.4003.3302. Product Language: 1033. Manufacturer: Intuit Inc.. Installation success or error status: 1603.

QBCDREVINFOMSG3 = Note: The version you are trying to install is older than your current version. If you wish to replace your existing version with an older version, click Cancel, uninstall your existing version and re-install.

It installs fine when I run setup manually.