I've got helis with belt primary drive, gear primary, belt tail , torque tube tail... you name it (I have way too many helis). I honestly dont notice any difference in performance, efficiency or flight time between the different types of drive. The 'all gear' drives perhaps freewheel for longer after landing but if that means the drive is more efficient under power is very hard to say, for sure if it is then it's a very small amount.
For me it's not a big factor, each system can work great if it's designed right.