Narcolepsy is a disorder marked by chronic sleepiness. So what does he suffer from -- chronic insomnia or chronic sleepiness?
People suffering from narcolepsy may experience hipnagogic hallucinations, but so may people not suffering from narcolepsy -- its a normal momentary mental phenomenon. Momentary hypnopompic hallucinations may also be experienced when one is waking up -- again quite normal.
Neither momentary hipnagogic nor hypnopompic are considered markers of insanity, which is a chronic condition.
Now, if you want to do sci-fi riff off of a normative, benign, mental experience, okay, but the challenge is to get the reader -- and viewing audience -- to suspend disbelief, buy your premise. And right now, I'm not sure what I'm being invited to suspend disbelief about.
Also: why not that he witnesses a murder scene rather than a heist? 1] Higher stakes. 2] And works better with the nature of hypnagogic/hypnopompic hallucinations: their brevity. A murder could take place in a few seconds; a heist may take many more seconds to transpire.