More retained austenite is converted by using a "continuous cooldown", or going into cryo directly after the quench. Tempering can stabilize retained austenite (as well as convert it), so if you're not having problems with warping or cracking, cryo after quenching is best. However, even if you are having trouble with warping or cracking, you want to use a snap temper, a short low temperature temper, to stabilize as little retained austenite as possible.
As far as liquid nitrogen being better than dry ice, that is true, but not to the extent you might think. According to my information, if using a true continuous cooldown, the conversion of retained austenite is almost identical between the two. If you wait just ten minutes between the quench and cryo, then the liquid nitrogen will convert more. Even with liquid nitrogen it is important to get into cryo as quickly as possible, assuming maximum conversion of retained austenite is your goal.