I understand your point. The paper is more about the depth of the tree to represent and audit a model versus the raw CPU clock cycles. It takes the exponent and logarithm as given since for all practical purposes, in a scientific context, they are.
To represent something like sin(x) with f(x,y) requires infinite steps. Conversely, with eml you get an exact result in around 4 using identities and such.
One could argue that we do Taylor Series approximations on the hardware to represent trigonometric functions, but that highlights the key aspect of the eml approach. You can write a paper with those four steps that describes an exact model, here sin(x). And people can take that paper and optimize the result. This paper is about an auditable grammar that you can compute with.