I hear you ned. Maybe the words "overcharge" are wrong in this case. The theory espoused in the article is that extraneous loads will not allow the charger to drop out of the absorption stage and could therefore hold the battery at 14v+ causing excessive gassing. (maybe not the same as over charging) Larger loads would certainly over ride this effect.
My owners manual, for the S2012A Inverter/Charger, expresses it a little differently by stating the actual charger operational characteristics.
The charger senses the battery voltage at start up and will enter BULK charge mode if the battery is 12 volts or less. The charger will maintain a constant current (selectable 10 to 80 amps) until the battery voltage reaches 14.5 volts. The charger will continue at this level for an additional hour before entering the "float" stage. The float stage is selectable at 13.2 to 13.8 volts.
I guess one could call that additional hour the missing "absorption stage".
If the battery voltage, at start up, is above 12 volts, the charger immediately enters the float stage at the selected voltage level.
The big difference between this charger and the average multistage charger is that it will continue charging at the float level, in spite of any loads, until the battery drain results in a battery draw down to 12 volts. It will then start the bulk charge cycle over again.
I haven't had this unit installed very long, and since I don't yet have my Link-20 installed, am limited to voltage only measurements and observations, but it seems to be operating exactly as advertised. I'm just not sure it's any better than the alternatives, over the long haul.