I think waveys suck
but then again I DON'T HAVE ANY
I think the main difference between the two is more that the waveys will resist fade better due to cooling properties. Its been said that because waveys have a constant leading edge, this gives enables the pads to grab the disc better. It is also said that they have a higher pad wear, but again we need peeps that use them brakes properly to be able to give a true judgment:P