It is my current understanding that 2 consecutive CPETs, separated by a 24 hour period, is the golden standard for objectively assessing PEM/PENE.
In the future perhaps the 2-day CPET test may become the gold standard for objectively measuring PEM, but at the moment this test lacks the research and validation that would make it the gold standard.
In particular, it is not known whether doing worse on the second day of the 2-day CPET test is unique to ME/CFS, or whether patients with other diseases might also do worse on the second day. For the handful of other diseases that this test has been tried on, all patients show a normal repeat CPET performance; only ME/CFS patients have a worse repeat CPET performance. But you really need to validate this test on hundreds of diseases before you can have confidence in it.
Also, if you are a patient with only mental PEM, but not physical PEM, it is doubtful that the 2-day CPET test would apply to you.
Furthermore, I am not aware of any studies that have validated the 2-day CPET test on a range of patients with different ME/CFS severity (mild, moderate and severe ME/CFS). It is possible that many of the mild ME/CFS patients would not perform worse on the second day, in which case, this test may not be appropriate for diagnosis of mild ME/CFS.
If you had access to a 2-day CPET test it would certainly be worth doing, but I would not as yet call it a gold standard for either a PEM or ME/CFS diagnosis. I certainly think this discovery of worse second day repeat CPET performance in ME/CFS patients is of huge significance; but more research is needed to take this forward.
Though the single day CPET test is a gold standard for measuring athletic performance in the healthy.