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I don't think the extra address space of IPv6 is the problem holding back its adoption, so "IPv4 with another octet" would likely run into the same issues.
Not that it's a bad idea, it's just an idea that's unlikely to catch on.
What would you say is holding IPv6 back?
The biggest problem IPv6 has is that IPv4 has been so hugely successful: gargantuan resources have been poured into getting the world connected on IPv4, and the routers/etc deployed in the field (especially in sub-Saharan Africa, south Asia, and other places which got the Internet late) are built around version 4: data paths 32 bits wide, ASICs and firmware developed with 4-byte offsets, and so on.
It's a big effort, and more importantly an expensive effort, to move all that infrastructure over for what the end user perceives as no benefit: their websites load just the same as before.
Are you saying there’s no financial incentive at the individual level to upgrade?
Essentially. If the end user is being asked to make a financial outlay to get to the same things they did before, it's unlikely that will go down well.