Scott Saterlee's 10 shot load development method is well beyond theory. It is all I have used for the past few years and it saves me a lot of time, money and barrel wear. Totally legit. There are a few caveats.
1. Don't try it on a barrel that has not settled. Most barrels will speed up in the first 100 to 200 rounds and stay there for about 90% of their life. So you want to have gotten to that point.
2. You have to have great loading practices. If you don't have charge weights, neck tension, COAL, primer seating all nailed, it will be hard to find the nodes.
3. Your style of shooting and temperatures have a slight affect and may push you to slant to the high or low side of your node to maintain the best accuracy for your environment of intended use. In my guns, I load 20 and shoot 10 over an hour with cooling, then I shoot a few rounds to get some heat in the barrel and shoot 10 in a few minutes.
It used to take me from 100 to 300 rounds to work up the best load. Now I get there in 30 or less and the results are excellent. I have a friend who is trying it, but he is finding that there are inconsistencies in his reloading, so that has been the task for him, to get consistent there. As his consistency came up, so did his results and now he is beating match grade factory ammo by 50%.
While I use it on all of my precision guns, I have not gotten around to employing it for most of my hunting guns. I certainly don't use it for 55g .223 ammo that I only shoot out to 300 yards as that is a load tuned for speed and recoil, not the best accuracy.