Yeah, definately not the most scientific test ever done. But, all things being equal, it gives a good comparison by a "common" hobbyist. He does state that the test time decreases as he does more tests. So, the long test times for the Elos kits could be much shorter once you have the hang of it.
Also, testing water with 0 PO4 tells you nothing! With the resourced of MD, they could've come up with some phosphates quite easily, not to mention a cholormeter for comparison.