I must be truly weird (although I'll bet most of you had no question about that), because I'm really enjoying looking at the various results for that stage and hearing about how people shot Paper-Bonus. Dan S is correct about evaluating the effect of the bonus targets on total time and hit factor, but I need more experience to have a solid understanding of my expected splits under match conditions. I know my splits under practice conditions, but during a match ... I got nuthin'.
I had also considered running it the way Mike C. did (Plate-static-bonus). Matt thought it was do-able, but he noted that it involved a lot of wiggling back and forth. I figured I'd mess up the back-and-forth motion and pull a mike, so I chickened out. (For the record, I suggested that Matt shoot the plate, then 4 static, then grab the bonus; he didn't take my dare.)
Regarding Matt's technique of pounding-down the plate, I understand that it's a common high-level technique, and I've even done it myself on that classifier stage that USPSA canceled. Nowadays, I try to avoid it and I avoid setting stages where it's tempting to double-hit steel. When you shoot steel that has already started to fall, round two (and three or four) gets a steel-perfect skip into the next county.