Michael,
I have straight-cuts on a 2332, for all the reasons Jim just pointed out. The big-engine forces and stresses put loads on the camshaft that weren't imagined at the time of the original design of the cam gears. The straight-cut gears "supposedly" allow the camshaft to somewhat float back and forth in the end-play thrust tolerance. The standard gears tend to force the cam hard against one end of the bearings, causing accelerated wear on big engines.
Although the straight-cut gears reduce internal engine friction, they are not a horsepower trick as much as a wear reducing trick.
The gear whine on my car isn't that noticeable unless actually listening for it -- in which case it does sound kind of cool. Anyway, as Jim also said, the engines tend to be made intentionally "noisey" so the whine is not really an issue.
Mark