I tried it. It's faster because you skip points. I've found everyone of those points are necessary if you want the full benefit of EFT.
Like for example it wouldn't drive the rats out of my attic like the original form will (has worked for the last three years semi-annually, when the 3 years before, we always ended up with rats running around and a squealing, digging, gnawing, nest of babies in the attic directly over the bedroom).