As far as I'm concerned if the desired result is to eliminate the peaks and retain the valleys, it's still plateau honing. Even if you do it in 23 steps wearing a tinfoil hat... It's still plateau honing.
I used to use cork bond. That was how I had my first bores looked at. It burnished the bores.
If you go back and read the Jenkins book, his engines always made more power after it was run on the dyno, then reringed. He used cork bond at that time. He was literally plateau honing his bores with the rings.
