I just have this naive guess that the difference between nice spacetimes and spacetimes filled with CTCs is that you have a lot more constraints on the dynamics since consistency will mean that the dynamics will depend on a time interval instead of a point in time
If you have CTCs, then you must have some form of retrocausality, and since the simplest model on dynamics of this is to ensure events evolve consistently at all point, then in some sense you can still have dynamics, but it is a lot more restricted since it has to obey not only constraints imposed in the past, but also the future…