Let me start by saying that I think that a lot of triathletes would beneficiate from compact cranks. However, the article on Slowtwitch by Simon Butterworth is full of incorrect affirmations. Like all new cycling fads, this one comes with lots of misinformation.
Higher RPM’s can be maintained on climbs
Higher RPM’s can only be maintained with the use of a lower gear. This can also be achieved on standard cranks or using a triple.
Closer spacing of the gears makes it easier to maintain the optimal cadence**
This is the one that really gets to me. Basically when selecting appropriate gearing, you have two choices: highest gear and lower gear. If you want a lot of range, you have to accept a wider spacing. You want very tight spacing, you gotta give up range. Compact cranks do nothing for you when it comes to spacing. In fact, if your reason to get a compact is to get easier gears so you can spin uphills, your spacing will be wider !!! unless of course, you’re willing to sacrifice a higher gear. You want really close spacing ? There is only one way. You need more gears. And that means using a triple.
The combination of compact cranks and appropriate cassettes has less rotating mass
While probably true, this argument is moot since the impact of rotational weight is negligible, especially considering the short radius involved, and the fact that crank weight is essentially at the center and in the crank arms. If we want to argue minute details like that, I could point out that compact cranks will result in more drive train losses caused by the higher curvature of the chain profile around the smaller chain rings. I could also argue that a 16 teeth difference will make shifting less efficient.
Comparison of gearing between compact and standards
All of the comparisons are beside the point. The shown combinations indicate basically very similar high and low gears (and therefore spacing) and, as such, indicate that either choice is fine. We could get into double shifting advantages (or lack of) but this has been tackled in another thread a while back.
The only real advantage of compacts is that they give additional gearing options. Compact gives you more options when it comes to lower gears, whereas with standard cranks you are pretty much limited to 39-27. When selecting appropriate gearing, you want to get a combination that will let you ride most of the time with a straight chain. If you spend a lot of time riding on the four largest cogs of your cassette, a compact is likely a good idea. Compacts may be good for weaker riders on flats and for stronger cyclists on hillier terrain.
Finally, as mentioned in the article, having more than one cassette makes a lot of sense. I wondered numerous times why people are willing to pay in excess of 2000$ for a bicycle and frown at the thoughts of spending 70$ for an extra cassette and tool.
Francois in Montreal