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it may be correct to pass up an immediately +EV situation to get a more +EV spot later

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What?!

Why would you ever pass up a +EV situation in a cash game?

If you answer "bankroll considerations" you are either playing too high or you are too risk averse which is about the same.

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Read his entire post again, it actually makes a lot of sense.

EDIT: From his post it might not be entirely clear. This is $600 capped buyin game. Hero has $1600 and fish has him covered. So though we might have an edge here (let's say 10% for example, we win $160) But if we wait we might have get a spot wehre we have a 30% edge ($480). If the buyin wasn't capped, this wouldn't be a consideratino, but if we bust out in this marginal situation we can only buy back for $600, so we don't make as much when we get in a better spot with the fish.