I'm not immediately aware of a microstructural transition that would have a huge effect on a metal's wear characteristics, but if this guy's claims are legitimate, I'm assuming that his technique is affecting the tribological properties of the metals.
The whole subject is interesting, but I don't know whether it's real.
Bill
Quenching and tempering work because the metal is still somewhat viscous (think glass viscosity) and the slower you cool it the structure of the produced material changes.
This stuff is pure silliness. Once the structure of the metal is set, lowering the temperature is certainly not going to change it.