I have read several articles on imx.nl site and I find author's interest mainly advance of optical technology in terms of resolution. In past he made a more practical (but flawed at the same time) comparison of M8 with Portra 160 and Spur Orthopan:
http://www.imx.nl/photo/leica/camera/M8/M8/page22.html
It's not written there, but the scan of negative was probably compared with JPG file, not RAW.
I wrote - practical, because while I believe there is a little more to find in film negative than the Coolscan can capture, it's kind of affordable scanner in comparison to other high-end options.
And now with this latest test... Honestly I remember Graphic Converter application he used now to upsample the M9 file and I would never consider it to be the best tool for this job. Considering the squareness of result, the nearest neighbour method has been used. There are more effective methods to upsample. That's why I consider also this comparison interesting, but flawed.