As I understand it, 416 steel, a martinsitic steel as it comes from the mill, has some residual austinite, which cryo causes to be converted into martinsite. The uniformity of hardness that results benefits drilling. Years ago, Krieger told me that that benefit alone is worth the expense of the treatment. On the issue of wear, I once prevailed on Kevin Thomas, then with Sierra, to propose a test using their .308 test barrels. I think that that test may have been the best controlled that I have read of. Accuracy was unaffected, and the slight difference in wear would not have justified the investment. Another effect of cryo is the precipitation of carbides, which might explain the difference in cleaning, that has been widely reported.
Back in the day, Doug Shilen spent a lot of money investigating whether cryo would stress relieve 416 steel, his conclusion was that it does not, BUT saying that does not conflict with the reports of increased stability, and machinability, or IMO say anything about what the effects on other types of steel might be.
There is a non-destructive test for residual stress in metal that bucks up shooters and concerned manufacturers could use. The equipment is not prohibitively expensive.
https://www.google.com/search?client=firefox-b-1-d&q=x+ray+radiography+metal+stress