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As far as empirical evidence, Kevin Cashen , and many others,have thousands of micrographs of the structures in blades made both ways. The article you read was a simplified (as much as Kevin is capable of simplifying anything) explanation of his findings and observations. Metallurgists worldwide study steel in manufacturing and produce volumes of empirical evidence.
Has anyone sat down and done an exhaustive research study on the merits and detractions of the two methods ??? - I doubt it - as there would be no need to prove what is already provable with current evidence. It would be like going to the head of research at Dow Corning and asking for $1,000,000 to fund an empirical study to prove that water boils at 212F SP.
The benefits and drawbacks of the two techniques are not in the final blades (which in most cases will be identical) but in the formation. Forging has many benefits to the smith in his ability to control thickness and shape as desired with the minimum amount of steel. The stock removal folks need less equipment. There are ,of course, more pros and cons. A search on this forum in this topic will produce much information. Use this search engine for best results:
http://www.google.com/coop/cse?cx=011197018607028182644:qfobr3dlcra
Finally, It is in understanding the metallurgy and the physical process involved in a blade and its construction that the decision on which way the blade is made should be determined.
In a drop point hunter, or a Bowie, there is no difference on way or the other.
In a pattern welded short sword with fullers, or an orikaeshi san mai kitae katana, there is only one practical choice - forging.
For a folder blade, or fillet knife, stock removal is advantageous.
Stacy