John Sexton believes that dry down is largely a myth. Many other top professionals say the same thing. The key, according to them is that the light you use for inspecting wet prints be at the right level. Also, you shouldn't view wet prints with fluorescent lights because it excites he optical brighteners in many papers and then you wonder where the brilliant whites went when you view the prints under different light sources.
I used to reduce my printing times to compensate for dry down and my Zone VI voltage regulator even has a dry down feature but I haven't used it in years since adjusting my wet print viewing light level to a lower level. If you are experiencing dry down, you may want to try reducing the level of your wet print viewing light. The weak thing about this method, IMO, is that different papers experience more or less dry down so it is really most useful if you only use a couple types of paper...which I do.
John Sexton demonstrated his wet print viewing method in LensWork Extended and he discusses the whole issue of dry down in that video.
IMO, dry down is clearly real but it can be compensated for by using Sexton's method. But either method works. A good experiment to see how much dry down a particular paper experiences is to do what Ansel Adams did. Make a print and tear it in half in the middle of an area of highlight detail - like clouds, white wood, etc. Dry one half in a microwave oven and then hold it up to the wet half of the same print. If you are experiencing dry down, it will be easily seen using this method. You can also use this procedure to quickly determine how much dry down compensation you should use for any particular.