I think it depends what he is lacking knowledge on, is it just the literature? or 'what makes a good PhD'?
When I started my PhD i was doing it in an area my sup knew extensively, but it soon became clear I needed to change direction. Now I am doing it on an area she knows nothing about. however, she is still able to guide me on what style of writing I need, how to lay things out and structure things correctly and what makes a good study design etc.
If he is struggling on all these points, then I am sure he wouldn't mind you taking up a second supervisor, or consulting subject matter experts - although make sure they don't swoop down and steal your ideas!