In our companion paper we identified a complete set of manifestly
gauge-invariant observables for general relativity. This was possible by
coupling the system of gravity and matter to pressureless dust which plays the
role of a dynamically coupled observer. The evolution of those observables is
governed by a physical Hamiltonian and we derived the corresponding equations
of motion. Linear perturbation theory of those equations of motion around a
general exact solution in terms of manifestly gauge invariant perturbations was
then developed. In this paper we specialise our previous results to an FRW
background which is also a solution of our modified equations of motion. We
then compare the resulting equations with those derived in standard
cosmological perturbation theory (SCPT). We exhibit the precise relation
between our manifestly gauge-invariant perturbations and the linearly
gauge-invariant variables in SCPT. We find that our equations of motion can be
cast into SCPT form plus corrections. These corrections are the trace that the
dust leaves on the system in terms of a conserved energy momentum current
density. It turns out that these corrections decay, in fact, in the late
universe they are negligible whatever the value of the conserved current. We
conclude that the addition of dust which serves as a test observer medium,
while implying modifications of Einstein's equations without dust, leads to
acceptable agreement with known results, while having the advantage that one
now talks about manifestly gauge-invariant, that is measurable, quantities,
which can be used even in perturbation theory at higher orders.Comment: 51 pages, no figure