Spilot: With all due respect, what you have written here is really not correct. First, when an engine fails it is most important to increase to full power, level the wings, center the ball and hold heading. The ball needs to be centered in order to be sure of just which engine has failed using the dead foot dead engine method. Allowing the ball to be displaced during this procedure can result in a misidentification of which engine has failed. Second, once the inoperative engine is determined and secured then the "zero side slip" technique may be used if you think that will enhance performance. Personally my experience is that the "zero side slip" technique doesn't do much of anything for performance but it does give your leg a rest. And finally, you have indicated that by attaching a yaw string to the windshield that this will show how important it is to use "zero side slip." This statement makes me wonder if you have ever really done this yourself or just looked at drawings in manuals. I have personally done this yaw string test many times and it really shows no difference in deflection with an engine out (feathered) and the ball centered or with the ball displaced half a ball width.
Placebo effect is a very powerful influence.