There's no excuse for 94% in this situation. None. Pitch + Power = Performance. Argue all you like. If you disagree with that, you are just wrong.
Mr. Bjorn says "And with Stick Shaker and IAS disagree you keep high thrust and fly a slow climb ". Actually, he's almost getting it. You use a KNOWN pitch and power setting that essentially emulates cruise pitch/power. Here's a clue: 94% is WAY too much power. WAY.
BTW, this works for flight with unreliable airspeed as well as a malfunctioning AOA. IIRC the 737-800 was about 2 degrees of pitch and 60% N1 for lower altitudes.
As for not being able to trim the stab manually, yeah, when you have the stick touching your spine, you can't trim manually too well. There's a procedure for that though. I recall Runaway Trim /manual trim demos in the RC-135 (B707-720) simulator. Both pilots pull back hard to get the nose up a bit then release back pressure and trim nose up like a madman using the trim handle (knee knocker). When the nose dropped again, both pull back hard, raise nose a bit, release back pressure, trim up like a madman, rinse, repeat, rinse, repeat. This resulted in a bit of an up and down rodeo but you would be surprised how fast you could get the aircraft back under control.
I'd bet money all the Boeings with the manual trim wheel/handle work the same way. I think I did this in the 727-200 and 737-200 sims a s well. I don't recall doing it in the -800 though. Too busy playing with the new HUD.
Oh...one other thing.... the pull back, trim madly procedure would not of course work if you left the engines at takeoff power while you rodeoed up and down.