Come on man! Stay high, chop the throttle, dump in flaps 40 and ride it down...once you're on speed the aim point doesn't change enough to matter. Perhaps you're just a tad over-critical on the definition of stabilized?
Okay, gusty conditions make things bounce around and that's why we should plan on touching down on the 1,000 ft marks. We'll have some room to give. As a side note, I don't aim for the numbers unless it's a short field. The folks that aim for the numbers aren't really planning ahead.
What about the Stearman guys who slip it in from TPA on base? They're as smoooooth as glass and barely vary the slope on approach. It's steep but it is stable. I can get similar performance from the Dakota.
Is it hard on the engine? All I can say is the Lycoming 320's and 360's don't seem to be bothered by it. The school birds run a long time with little engine work. As I understand it, there is no chance of damage if the cylinders are around 300 degrees when the throttle is chopped. Easy enough to get them there...