Ridiculous blather. The advantages of high-BC bullets were understood going all the way back to the first hunting loads for the 7mm Mauser and further back to the military loads for the Lebel. Winchester was simply ignorant of information that was already well understood in Europe. And there's nothing keeping you from shooting light bullets in a fast twist rifle if you want, but the other way around doesn't work. A fast twist rifle is simply superior.
Almost nobody was shooting low-drag bullets in hunting rifles. If they were shooting heavy bullets in a hunting rifle they were almost always dumpy round noses or flat-based spitzers intended for penetration, not taking game at extended range. If you look at hunting bullets from Europe it's no better. The low-drag bullets they had back then, some of which still have BCs considered quite good today, were developed for the military to extend the extreme firing range of machine guns. Not relevant to hunting in 1925. If you do the math you'll see that without a rangefinder the primary factor in hitting your target at an unknown range is drop. The 10" twist didn't hinder anything for many decades and doesn't hinder anything for the average hunter today, either. A 9" twist might be better and matches proportionally the 10" twist of the 30-cals. But it was irrelevant in 1925. I don't think it's fair to judge if their design was "bad" by 2019 standards. Most things from 1925 would be considered to have some flaws if introduced as new today. This is almost a century past.