While the competition is just as intense with both steel and paper matches there is no way you can logically argue that paper does not require a higher level of accuracy to win consistently. There is a difference between hits anywhere on a steel target all counting the same and putting more of your shots in the 10 and X rings than any of the other shooters on a paper target.
I don't mean to take anything away from the steel bangers, I enjoy both types of matches, but I do believe I get a better picture of how well my bullet/load is preforming when shooting at paper targets.
Tomorrow I will be bangin' steel with my .44-77 and I'll have a big grin on my face!