Answered your own question really... but
The thrust reduction on the initial climb still helps to look after the engines.
Try looking at a high assumed temp T/O to full climb thrust and the egt increase at thrust 'reduction'(increase in this case) is quite a bit.
Not much point in minimising T/O egt then raising it 50+degrees at 1000'.
Airmanship may also decide for you a high climb thrust might be better.
You find that on significantly reduced thrust T/O, taking the climb thrust back up one notch (eg defaults to cl2, reselect to cl1) will often result in very little thrust change nicely.
Last edited by kookaburra; 24th May 2012 at 17:38.