Founder of NuevoCloud here. If I read this right, you guys used Cloudflare for http 2. So let me ask you this, when you did your comparison, were all of the images cached (ie: x-cache: hit) at the edge? The reason I ask is because cloudflare, last I checked, still hasn't implemented http2's client portion. So when a file is not cached, it does this: client edge node origin server. Http2 is only used for the short hop…
To the best of my knowledge you are correct about how CloudFlare works. For context this data was collected over the period about a month on real production pages with significant traffic. The edges were well and truely primed.
In order to know this hasn't occurred, you really have to check the hit rate cloudflare is reporting (for static files that rarely change, this should be near or at 100%)... and when you're doing side-by-side comparisons (like the speed index), you have to actually check the x-cache headers to verify that a cache miss hasn't occurred. Otherwise, you wouldn't actually know that a significant portion of traffic isn't being sent over http 1.1 (because of cache misses).