Dylan's guilty of inconstancy in the first degree, IMO (make that IMHO in deference to Louis Kontos). Emerson said, "A *foolish* consistency is the hobgoblin of little minds." He did not denounce consistency itself, a quality little evidenced by rich showbiz narcissists like Dylan, Jane Fonda, Madonna et al., who gyrate wildly from one persona to another -- perhaps being a secular lefty one moment, a Christian fundamentalist the next, a Lubavitcher after that, etc., etc. -- with no solid identity or core values.
I think Emerson exemplifies Transcendentalism as a voyage of self-discovery that has the capability to strengthen a sense of connectedness with other people by deepening one's inner awareness. If you're constantly changing your values like underwear, it would seem impossible to gain any depth of self-awareness or solid sense of empathy with others.
Carl