The table claims it performs on par with UD-Q4_K_XL except on OCR.
One such method that I've been meaning to look into further is Tencent's AngelSlim QAT/PTQ approach. They did a Hy4 preview release thats an STQ_1_0 at 2.38 bpw:
https://huggingface.co/AngelSlim/Hy4-preview-GGUF https://arxiv.org/abs/2602.21233
Of course, it's still 213g of VRAM I'd need so it's somewhat out of the range of what I can run locally. In contrast, this new Bonsai is nice because the original was already exciting for making use of low VRAM devices. Could breath new life into some of the older GPUs that were previously close to top of the line just quite VRAM constrained by modern standards and still quite cost effective for now.
They rotate the weights into a quantization-friendly basis first, then ternarize with per-group scales and error compensation.