Earlier quoted context omitted.
I don't think you even get faster transfers, at least beyond some short term gain. You will overload some router on the path and just increase packetloss for everyone without improving your goodput. Maybe my intuition is wrong but there are no graphs and real world measurements.
In some cases you could. I had an issue last week with my 1G leased circuit with a 160ms rtt That circuit had a 1% packet loss on it due to a dodgy SFP. This devastated cubic, with peak TCP transfer dropping from 150mbit (we police it to about that) to less than 1mbit. BBR was better but still down a fair bit. Using this algorithm I presume it would have continued at about 140-150mbit. I don't really do TCP so haven'…
But if many people start using it this will fail on congestion (and even if there is little congestion to begin with, this will amplify it so there is sure to be some).