Would love to oblige a test with my Cardinal RG but I am still without a medical.
Although the original "step" claim is a higher cruise speed as you say, I'm not sure anyone here really believes that. At least, it was my perception that the argument was over the claim that the same cruise speed could be achieved faster with the "step" method.
Anyway my expectation for a Cardinal RG would be pretty much the same results, maybe slightly greater difference between full power level flight until cruise vs. accelerate full power in a 100 ft descent.
Actually, rereading John's test description I'm not sure what the power setting was after the descent while waiting for the speed to stabilize (second method). "Set power and as soon as speed stabilized"... what? Or was the "and" extraneous? (i.e. accelerate in the descent and maintain full power until speed stabilized? vs. throttle back as soon as level at 3500 and wait for speed to stabilize?)...