I agree in part. I think that once the frequency exceeds the thermal cycle ability of the heating element then you won't be able to tell the difference between 60hz and 400khz. At lower frequencies I think there is the possibility of improving the efficiency ,especially if the duty cycle is on an inverse curve to the heat ramp.
Thinking out loud here...
The reason I say this is because of the delta T component of the heat energy equation. Greater change requires greater energy. In the basic pwm systems we are using here the heat curve in the functional range is probably almost linear. We are tuning it to produce a peak temp that will not burn the juice, but we waste a lot of energy getting to that point because we are spending energy over time outside of the functional heat range of the application. I think it would be much more efficent to pump the juice quickly and then back off on the duty cycle to maintain temps in the desired range. The inverse duty cycle should increase efficency somewhat at any frequency, but I think it would be even more effective if the frequency matched the thermal capcitance of the heating element. The element stores heat as kinetic energy in proportion to its mass. That energy is dissipated at a rate related to the mass, surface area, and thermal conductance. If we think of the heat/cool cycle as a sine, peak efficiency should occur at a frequency matched to the sine. In other words we just want the frequency to level the amplitude of the heat/cool sine to minimize delta T.
This is all just an uneducated theory of course.
I should add that the net energy equation will always balance so my use of the word efficency should be taken in the context of efficency for this application.