Mete,
This controversy is interesting, since it should be fairly easy just to test. The commercial operators (who obviously have an interest in these cryo treatment claims being true) are all full of testimonials of multiple life expectancies on everything from drills and saws (the high alloy tool steels you mention) to brake rotors on police cars brakes (not-so-fancy casting alloy).
What had caught my attention originally is information no longer on Delstar's web site. Delstar never did cryo treatment themselves, but had published information on it for awhile since they were doing it to their Accumax barrels at the time. The page I remember listed stainless steels in general as showing 20% increase in wear, and chrome-moly getting the doubling of wear effect. I gave this claim some credence because Sierra ballistician Kevin Thomas had published an article in Precision Shooting in which he had shot out several test barrels by infiltrating them into Sierra's normal bullet QA testing program, some cryo treated, some not, but all stainless steel. He observed a barrel life extension, if I am recalling correctly, from about 3500 rounds to about 4000 rounds, or a little over 14%. I viewed this as close enough to that 20% claim for cryo treated SS in general to make it plausible. A good enough correlation, in other words. The test chambering was .308, I believe, firing the Sierra 168 grain Matchkings over their standard test loading. It also would seem to confirm there is at least some wear improvement effect on any heat treatable steel, confirming the view of cryo treatment is an extension of the heat treating process, and not just for high alloy tool steels.
Several sites also reference work by an R.F. Barron at Louisiana Polytechnic. Do you know anything out about this player and whether he is legitimately credentialed?
Nick