This bit from page 495 is more interesting
"Overall, the mechanistic evidence for carcinogenicity is strong for red meat, based primarily on studies of colonic preneoplastic lesions in humans and rodents, and the considerable evidence concerning haem iron, HAAs, and NOCs in humans and rodents. Fewer data in humans, especially from intervention studies, are available for processed meat than for red meat.
The mechanistic evidence for carcinogenicity is moderate for processed meat, based primarily on studies of colonic preneoplastic lesions in humans and rodents, human and other experimental evidence for NOCs, and studies of haem iron in rodents."
Having watch Dr Ede's taking apart the study on red meat and the paucity of evidence for this "strong" evidence to find that the evidence for processed meat is only "moderate" is quite revealing... This was certainly not the headlines that came out three years ago when the abstract was published. It would appear to be saying "steak bad bacon less bad".
As I said above I'm going to carry on enjoying both (probably to excess) ...