Thinking about this a little further, let us for the sake of argument take the equilibrium valve, condenser, and whole shooting match out of the equation, and see what would happen.
There has to be a point at which the steam under high pressure is shut off, before the piston reaches the bottom of its travel. Otherwise, smash!
And logically, the expansive power of the steam must then decline.
This can be reduced by keeping the cylinder hot of course, the reason for the lagging.
However, from the point that the high pressure steam is shut off, there will be an increasing reduction in power.
Basically, a proportion of the stoke piston stroke achieving nothing, and the impossibility of the engine in way becoming self acting.
From this emanates the logical way forward of utilising the spent steam to create a vacuum and cause the completion of the stoke under atmospheric pressure.
14.69 psi (pressure above vacuum) 40 psi (pressure above atmosphere)
I bet that it would be possible to produce a graph of this, power against piston stroke, and I would bet that this would answer a lot of people’s questions.
My avatar is a poor likeness.