Im not a gunsmith, so please take the following with a pound of salt.
If two barrels of the
same weight one of which is fluted and one which is not fluted, are compared, the fluted one will have more rigidity? yes or no?
Will rigidity affect accuracy yes or no?
My point is, when you compare a larger barrel fluted down to the weight of a smaller barrel then the rigidity (which I would guess would affect accuracy for better or worse) will be increased.
However, if you take two barrels of the same diameter and flute one of them, the fluted barrel will lose rigidity, but also weight.
Therefore (the way I see it) is a fluted barrel of larger diameter but comparable weight has its beneifts in rigidity, and possibly accuracy, it woulds seem that way, as "bull barrels" seem to be used more with target/precision designed rifles.
And... the barrel of similar diameter, has the weight loss benefit for those interested in light rifles for long hikes.
I dont expect this will end the debate, but I dont see the light as to why fluting will become a thing of the past, unless it is in the interest of being unique (lets face it, the majority like the look of flutes)