Plausible, but then you'd expect to find the same effect in other people who passed similarly demanding tests once. For example in people who studied something geometry-heavy.

Also, The Knowledge Test is, IIRC, passed only once and then you do not have to retake it for the rest of your career.

If a test passed in your 20s or 30s predicted accurately a much lower incidence of Alzheimer's in your 60s, that would be a remarkably strong early signal. Not impossible, but worth extra scrutiny. For the vast majority of old age conditions, we cannot predict them so long in advance.