Hard to buy that theory on the ovality IMO, not to say it isn't real however.
The readings I've done on MTB oval rings in general seem to imply that climbing is the equivalent of 1-2t easier than actual tooth count, while harder gearing is equivalent of 1-2t larger than actual tooth count.
While fs bikes are optimized around a specific chainring size, I've yet to find consistent reports that a bike works amazingly with a 34t ring but turns into an absolute dog by moving to a 30t ring.
Maybe I'm over simplifying this though. I can't say I notice any positive or negative real effects of oval rings both on my hardtail and my fs bike.