Domestic arrivals in MEX have ranged from straight off flight and luggage in hand pretty quickly. To waiting 45 minutes for bags to arrive. Not sure I’d risk a 2 hour gap with different airlines involved, arrival, bags, check in, security. Any delays and you risk missing your flight. Personally. Either an earlier flight or get there night before and stay at the courtyard at t1 and spend a few hours in CDMX.