On the other hand, if species are related in an evolutionary sense, then we should expect to find cytochrome c protein sequences are more similar for related species, and less similar as relatedness decreases.
I agree that this is probably expected.
Since other evidence leads us to believe that chimps and humans (for example) are closely related, then we will go way out on a limb and predict that human and chimp cytochrome c should be very similar, whereas yeast cytochrome c should be very different from both humans and chimps.
Both evolutionists and creationists expect that creatures which are similar to each other phenotypically/bodily (Ie: humans and chimps) will also have more closely sharred bio-chemical similarities than with creatures which are less similar (ie: humans and yeast).
Those are the predictions. What are the observations?
Human and chimpanzees have identical cytochrome c sequences. Further, human and chimpanzee cytochrome c differs by about 10 amino acids from all other mammals. All mammals, in turn, have similar cytochrome c (within about 10%) to any other mammal, but a greater degree of difference with any non-mammal. As it turns out, for any species, its cytochrome c sequence is extremely similar to other species that are phylogenically related to it. As the distance between two species increases, the sequences become vastly different. Human cytochrome c and yeast cytochrome c are, as mentioned, about 40% different.
I hope to shortly post some information on the pattern.