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Is there any benefit when writing out instructions to split it up into lots of little paragraphs, or is it better to leave it in one paragraph?

I was putting together an instruction page (for setting up a game that my business created), which included a whole lot of various pointers, most of which were only a sentence or two long. These explained various parts of how the game setup worked.

I noticed while editing this document that the other person working on this document — who had originally written it — had included everything in one large paragraph; each piece of information followed the previous one without a linebreak. This resulted in a medium-sized paragraph, containing about four or five various (albeit related) topics.

I instinctively split this up into a whole bunch of smaller paragraphs without even really thinking about it, since that's just how I write; heck, even here in this question I've just been breaking into a new paragraph every two sentences or so.  
After doing this, however, I started wondering if this was actually advantageous. After all, the person who wrote that section originally is much more experienced than I am (by... several decades), so maybe I'm the one who's wrong here.

**Is there any benefit when writing out instructions to split it up into lots of little paragraphs, or is it better to leave it in one paragraph?**

I'm defining "better" as "more likely to get the point across and prevent misunderstandings".