Hi Anonmum2. I think the problem with the hot/cold water method, the way you describe it, is that you must be really careful that you make sure it is diluted enough. I don't know if you've done this, but you need to take note of the final volume of a particular amount of water PLUS powder, then ensure that you add cold water to that level. I think this method isn't promoted because people have enough trouble reading and understanding the current very simple guidelines.
What I remember I used to do is to keep some boiled water in bottles in the fridge and add boiling hot water to get to the correct volume at the correct temperature. This needs quite a lot of fiddling around with a thermometer to get to the right balance of hot/cold water, but that was the only way I could get bottles ready when DS needed them. And it still took too much time for DS's liking.
I didn't actually realise when I was ff that you could keep the bottle for 2 hours at room temperature. I always thought it was an hour which was why it seemed particularly impractical. But tbh with a young baby the chances of boiling a kettle, leaving it to cool and then actually remembering to make up the bottle before it cools too much AND not have said baby screaming for a feed in the meantime? Pretty much zero.