Prepping for physique competition entails, ideally to lose bodyfat and build muscle at the same time. The longer you do cardio the more muscle you lose is suggested. If you do HIIT and take sprinting for example... research has found not only do you lose more fat than low intensity cardio but you actually gained muscle in the quad at the same time... Sprinting is anabolic... Which just means you gain muscle... But your also burning fat...
If you're talking about ONLY fat loss then it is plausible that high intensity and steady state cardio produce the same results. However, that is under inspection still. And I don't think anyone has the ultimate answer yet to which is better for fat loss... The article that is posted mainly goes into fat loss not muscle mass... If you are concerned with muscle mass then HIIT may be more advantageous else you will lose it with long cardio bouts. Also you need to consider the body composition of quote long steady state cardio... These body types are not what physique competitors aspire to be... Look at a marathon runner. As a bodybuilder, Mens physique competitor, etc your not aspiring to have a marathon physique. At the extreme an elite marathon runner has not much muscle.
Good article posted and I definitely learned some things but the verdict is still out on fat loss specifically... However, I had posted this before... I think both have merit... They both need to be included in a good program or overall health profile. Its just that some studies suggest more fat loss with HIIT.... even though this article suggest equal amount of fat loss. However, in this article they do go into how there are some problems with the studies they are combining... So the research isn't exactly clear yet... But when it comes to muscle mass and physique competitors muscle mass becomes a factor on which cardio type to choose not just fat loss... Personally, I like and do both.