It's an arduous process but before downgrading your project, you may want to create two custom packages.
The first one is a package of all the Playmaker related stuff you created.
Keep that package for later on, you will have to import it once you have installed the older version of Playmaker.
Leave out the Playmaker supportive scripts added to other third party assets by their respective developers.
Then make another package of all the other material that doesn't belong to Playmaker that you have created for your project, and create a separate package of that.
From there, you may delete all Playmaker related stuff. Now, if you do it within Unity, you'll trigger plenty of warnings and errors because Unity will update itself constantly. Your FSMs might be missing actions or entire official namespaces. To me, this would be long and annoying.
The Library folder can be entirely deleted, Unity will rebuild it and in 99.99% of cases, it won't create any problem.
EDIT: I'm talking about the folder in the Unity project, not the one close to the root of the OS directory tree.
If you can fall back onto an old version on PM 1.9.5 where you would only have to import the second unity custom package you're created, what I would do is probably start from a new project and rebuild it, add PM at the end, then import the two custom packages.