Is the cool down for Power Knock back the same as Double Shot or something? If so, training would be very fast if Power Knockback is maxed first.
Power Knockback is the same as any other skill for bowmen and is dependent on your weapon's speed, so yes it's about the same as double shot. I'm not sure what you mean about training being fast if you max it first.... it's a pretty terrible training skill. I've only ever used it at FoG to clear room for Arrow Bomb.
IIRC it's 200% of the bow whack dmg formula, which is much weaker than what's shown in the stat screen, or used for your actual ranged skills. It also has no mastery, and on top of it being melee (you're playing a bowmen so you don't have to run up to monsters) it also sends the monsters flying away from you, so then you have to chase them in between every hit. It's not an effective training skill compared to arrow bomb. I would imagine it's not any better than iron arrow either.