We have different systems in mind. (My Phelan book was never returned, and I don't want to derive everything from the beginning. I've been retired for years.) Ignoring the operation of the bounds loops, you can think if Phelan's approach as a final amplifier with proportional feedback only (or a derivative also if the load has significant inertia) driven by an integrator with a short time constant whose input is the error signal. A step command causes a ramp to the final amplifier, not a step that will saturate it. When the load approaches its final position, the proportional feedback exactly matches the integrator's output, so there is no need to discharge the integrator to avoid overshoot.
It takes about the same number of time constants to settle as a standard PID, but the actual time constants are much shorter. If you analyze in time constants, the "advantage" can be negative, but if you plot the response in seconds, the superiority is evident.
Real systems don't stay in the proportional region. The bounding circuits that I describe produce a response that is very nearly "bang-bang".
Jerry