The mainstream view in modern physics (for the past 30 or so years, I believe) is rather that the wavefunction is the fundamental description of reality, at least in the sense that classical effective knowledge theories are not plausible models.
My interpretation of this paper on quick glance is that it is an attempt to experimentally demonstrate that only effective knowledge theories with very strange properties would suffice to explain observations, thus strengthening the "wave-function is fundamental" viewpoint.