Can't argue with Noonan, but he takes a very rigorous and traditional approach to lager making. If you followed his methods I think you would make a world class lager. Admittedly the traditional lager making approach can be a bit involved and is very time consuming.
Saying he says to rack with 30% of the gravity to go is a bit misleading, If you were brewing in a CCV (Cylindro Conical Vessel) that's about when you would drop any yeast and trub sitting in the cone, but if you are fermenting and Lagering in a unitank you would be doing 3-4 drops during the whole brewing cycle.
If you are looking to shorten the process, yes racking when there is still some extract to be fermented, then cooling slowly over several days toward lagering temperatures (<4oC) would work. Remember that a diacetyl rest is only a remedial step if you have a diacetyl problem, otherwise unnecessary (largely down to your yeast pitch rates and wort nutrient).
I think if you want to make lager successfully you really need a dedicated brewing fridge (or a large stockpile of other beer) and a lot of patience.
Well worth reading
Braukaiser, he takes a very pragmatic approach to making good beer.
Making good lager is hard work, but worth it when it comes together.
Mark