It works for paper, but it's been a while since I used it for that, and I have no prints to show. I still use the reversal bleach for lith film reversal. The formula isn't that critical. My usual mix is 10ml of a 13% potassium dichromate solution, about a teaspoon of sodium bisulfate, and water to 250ml. I re-use the bleach until it takes over 90 seconds to bleach all traces of black.
For permanganate, I used 250ml of a 1% permanganate solution and about 1 teaspoon of bisulfate. The issue with permanganate is that it softens the paper surface. Dichromate doesn't do that.
You probably know that dichromate bleach can be cleared with sodium sulfite, but permanganate has to be cleared with bisulfite or metabisulfite. The clearing bath can actually remove undeveloped halide, so it helps to keep it to a minimum.