This only works with perfect resistors, though. If your actual resistors have a fabrication tolerance, you might be more off. For example, if you need a 41 Ohm resistor, you can use a perfect 47 Ohm resistor from the E6-series, and you'll be within 20% error. However, if that 47 Ohm resistor has a 10% fabrication tolerance, in reality it might be 51 Ohm, and that's more than 20% off from the 41 Ohm you needed.
To take the example from the author's last paragraph, if you need a 70 Ohm resistor, the idea is not that you could be lucky and find an exact 70 Ohm in your E24 resistor set, but that you change the design to use a 68 Ohm instead, and don't introduce more than 5% off by doing so (regardless of the resistor value you needed).