The journey time is not really the point - as the article does mention, the extra capacity provided is the main benefit of HS2.
It doesn't explain a significant implication of cutting out Euston, which is that if Old Oak Common ends up being the terminus for the line, it has not been designed as such which means that fewer trains per hour can turn around there. Euston has been designed so that the number of trains that you can turn around per hour matches the maximum throughput of the line itself. Making OOC the terminus doesn't just mean that you have to change trains to get into central London, it means that the potential capacity of the whole of HS2 is hindered. Even if there was extra demand, and passengers willing to pay for tickets, you'd not be able to extract that potential ticket revenue from the infrastructure you've spent billions constructing. This is why cutting the line back now would be an incredibly stupid decision.
For what it's worth, I think there might have been an argument for OOC to have been built as the terminal from the beginning. Because with the Elizabeth Line now in operation, it's actually quicker and easier to get from there to many destinations in London than it is from Euston. But it's too late for it to make sense now: you'd have to entirely redesign OOC to allow it to handle the maximum potential capacity of the line.