My exact point. It's fine if you're able to note your airspeed at the beginning of a fight, but quite often - most often, for me at least - you aren't. More, you may not have flown the plane in awhile, and you perhaps don't know the corner speed or the sustained turn speed in any case.
As long as you have a ballpark idea of your speed that's all one needs.
1. Can I induce a full visual black out? Yes=at or above Cv No=see #2
2. Can I induce a 1/2 visual black out? Yes=between Cv and Sustained No=see #3
3. Can I deploy flaps? Yes=see #4 No=near or below sustained but above flap speed.
4. Can I induce near a full black out? Yes=near max flap speed (flap Cv). No=see #5
5. Can I induce a 1/2 visual black out? Yes=between Cv and Sustained
For throttle management considering ONLY max turn performance: 4 in a nose down attitude I would consider chopping the throttle. 1 I would consder chopping the throttle if it was in a nose down attitude, or if I felt "too far" above Cv. 3 I might consider slowing to flap speed by chopping the throttle if it's appropriate. It's possible I'm forgetting a scenario, but that's pretty much it for reducing throttle to achieve the best turn performance.
The point is that other reasons for reducing power are not "to turn tighter"/max performance. The reasons are about relative E states, or the geometry of the fight, or reducing the dominante torque force at or below stall.
Sustained turn is simply where your power output and the forces consuming that power are at equalibrium. Reducing power at that part of the envelope only makes your turn performance worse.