Bob Dozier :
You have been reading too many cryogenic adds.
Trying to find out inbiased information on anything is a real problem. Even using published studies is problematic because the funding can come from people with strong monetary interests, and this isn't always made clear.
Makers can be found who praise cryo highly, some see it as a small possible refinement, some note it as useless and others still see it as actually damaging the steel. However they are all of course selling their technique. Those selling cryo equipment also praise it highly, and those who don't claim you can do the exact same thing with multiple tempers.
However with deep cryogenics (l N2) specific *published* claims have been made, which are not refuted by simply saying "not". This is supposed to be a science not a religion. The carbide contrast comes from a Journal article, which had materials testing on both methods. Do you have reference for otherwise. I would indeed be interested in reading it.
Similar for your comment about the large aggregated pre-critical carbides in D2. Crucible promotes CPM steels as having superior characteristcs (mainly machinability and thus ease of sharpening, but no degredation to wear resistance) due to the lack of segregated carbides and much finer distribution, and has the materials testing to show such performance.
The carbide issue is a complicated one, as there are pre-critical carbides, primary carbides, and even secondary carbides formed during the tempering. I have still not seen a comprehensive treatement of all forms (specific about possible changes in crystal structure) and noting the effect on the final form of what percentage of the initial carbides are dissolved in the soak. Most just reference preventing grain growth as the limiting factor in minimizing soak time.
-Cliff