The question isn't to know if it was or not technically possible to make the runway. Before being limited by any technical factor the aircraft was limited by its crew's situation awareness. Appropriate actions cannot be taken before the crew realize and identify the problem The pilots were obviously very confused as they let the AP flying the aircraft at a dangerously low airspeed without taking manual control, most probably because they didn't have time to realize they should give-up on the ILS trajectory.
As a pure coincidence, the flap retraction probably caused the AP to disconnect seconds earlier than with full flaps, which gave the crew enough height to recover from the subsequent 8 degrees pitch reduction and high Vz (100 ft lost in 2.5 sec --> 2.400 fpm).