You're going to have fun and games trying to get the insulation put in from below, and getting downlighters in as well. Having taken down the existing ceiling, you'd be able to put the insulation over the joists, and then using netting, put the insulation between the joists, before you put the plasterboard up. You'd have to work out where the wires come through the ceiling for the existing light, and then pull the wires through the hole with a pull wire as you put that piece up.
If you're putting in downlighters, then you need to wire up the ceiling before the insulation goes in, then work out where the downlighters are going to go in the plasterboard, and cut the holes, and then tie a pull wire to the wires so they can be hooked through the holes as you put the plasterboard up.
Not going to be easy, but hopefully, someone might come up with a simpler method.