I guess it depends upon what kind of 'soil' is used. I use Turface and it drains much the same regardless of the root population (and tree specie).
Maybe you or someone else can explain why the Bates Hotel remedy of impaling the root mass with a screwdriver/chopstick and filling with aggregate is a good thing. It seems to me that this just creates channels for the water to zip right though the pot and assure that the compacted soil gets really dry. I suppose these aggregate channels might become little root nurseries, but the possible growth would be very limited. It just doesn't make any sense to me.
As I recall, Vance's air-pruning planters were based on the principle that the death of the root tips, when they exit the pot, stimulates branching of roots back inside the pot, toward the tree trunk. If we accept this as scientific fact, it implies that is safe for cmeg1 to lift his tree from its pot, trim the perimeter and base of the root mass and replace it, surrounded with fresh medium, back into the pot. This seems to me to be the sensible thing to do and is what I would be prepared to do, were cmeg1's issue mine.
However, I would first lift the tree from the pot and examine pot-surfaces of the root mass (if for no other reason that to confirm/refute what I think I know). If it is actually not root/pot bound, I would put it back into the pot (no harm done) and continue the analysis to find an appropriate solution for the symptoms. But, if it is indeed root/pot bound I would deal with it in exactly the way I said I would be prepared to do, above.