The thing is, Finarfin wouldn't have been ruling over his literal father, because as I said, Finwë remained in the Halls of Mandos.
Even if Tolkien decided to go with the "recreated" theory as opposed to the "reborn" theory, just because a single Elf was released from Mandos was not an excuse to be changing the whole hierarchy of Aman. You just can't run a kingdom that way. Finarfin would have remained the High King, but Elves such as Fingolfin, Fingon, Ereinion, and other High Lords could have joined him in a sort of council, and contributed to the ruling of the Noldor in Aman, rather than completely being subservient to him or anything.
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But Melkor also was there, and he came to the house of Fëanor, and there he slew Finwë King of the Noldor before his doors, and spilled the first blood in the Blessed Realm; for Finwë alone had not fled from the horror of the Dark.
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