Tom,
If you have electric resistance heat backup, setback with a properly sized system will increase your electric bill. This is because you shut off your cheap heat, the heat pump, at night. Then you do recovery with the expensive heat in the morning (The resistance heat). The resistance heat only gives you 1/3 to 1/2 the BTUs per watt that you get from the heat pump.
If you have gas backup, setback makes much more sense. However, if you are recovering quickly, your system is oversized. Sounds like your Master used the 500 Sq. Ft. per ton rule. This is the national average installed sizing for the last 50 years. They use it from Maine to Florida. Your "Master in refrigeration" sounds like a hack. If he did a true load calculation, most likely the size of your equipment would have been smaller. My 2000 sq ft house in hot humid Myrtle Beach SC only needs a 2 ton heat pump with 4 KW connected backup resistance heat to maintain year round comfort. Of course it depends on your insulation, exposure, weather conditions and amount of glass, but your system would perform even better if it were sized properly, which I doubt it is, from the information you provided. Did The "Master Of Refrigeration" actually show you a degree from a REAL University? The salesmen around here tell all sorts of lies, which no one ever checks up on.
Stretch