I've seen a few people put regular aluminum foil over white fluoro reflectors and measuring the PPFD(PAR light meter). The aluminum foil was superior to the stock white coating(especially as the distance increases). Steel is not as good of a reflector as aluminum. However, steel can also be coated with high reflectance materials that exceed bare aluminum, which could very well be the case. I'd suggest leaving it as is. Yes, it's probably better than the white ones as far as photon intensity/density is concerned. While the white coating would give a better spread(and more even distribution) of less intense light.