alt Hacker NewsYou're correct and I was considering adding a footnote that if you use indexed colors like a GIF then PNG can beat GIF due to better compression algorithms. But when most people think of APNG they think of lossless compression rather than lossy compression.
Indexed can be lossless when the source already uses few colors, e.g. because you want to improve the compression of an existing GIF or limit colors for stylistic choice (common in pixel art).