It is undoubtably true that part of the wave-piercer thing is a hype. However, the larger boats can be improved when understanding the concept properly. It has nothing to do with wave-piercing and everything with the redistribution of the SAME total amount of volume.
Test sail a Taipan 4.9 and then a Blade F16 and you'll know what the difference can be.
Some designers however just take a older hull shape and trim the bow and sterns. That way they end up with waht looks like a wave-piercer but is actually worse than the older unmodified hull.
As always there is no substitution for understanding what is really going on.
But in our 1 min attention span society this is alot to ask.
Wouter