I love this thread. 3 pages of discussion that hasn't broken down into too much of name-calling.
Anecdotally, I have never gotten the famed hub compression to make a difference in my bearing tunings. I tighten the locknut so there's a tiny bit of play then compress the QR into the axle and there's still a tiny bit of play. I adjust locknut so the wheel turns smoothly with no perceptible play (maybe 1/16 of a turn on the cone) and tighten QR, and the wheel will spin forever, with no noticeable binding.
Am I ruining hubs? Maybe. Am I bad at adjusting hubs to closer than 1/16 of a turn on the cone? Yes. Will I change my methods as a result of this thread? Probably not.