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That's a fair point, but Engels does elaborate that Owen's thinking was flawed from the start, Socialism isn't randomly beamed into people's heads but developed as a course of Historical Development, hence the development of Historical Materialism.
Oh sure, Owen was mistaken from the outset because his genuinely more-efficient way of running things isn't going to be as profitable to the owning class, meaning that no amount of advocacy can escape the gravitational pull of the profit motive dragging it down into the mire of human misery. I was just talking about what he did that ruined his career from a practical standpoint by drawing the ire of the bourgeoisie, which was not his company town model alone.
Not entirely true, however his method empowered proletarians to take more control and eventually bargain for more, or accumulate enough to compete eventually, which would go against long-term profit.
Fair enough!