The flush valve is the opening from the tank to the bowl. The size determines the amount of water that can be released in a short time. More water, a higher flushing capability. Speed wasn't an issue with the older toilets, as they worked differently, and volume created the head to generate the siphon. Today's toilets (at least most of them) use a high velocity/volume pulse of water to flush - a bigger flush valve basically works better, all things being equal. Many of the newer toilets use a 3" flush valve and since the area of the opening is related to the square of the radius, a little increase makes a big difference. Best is a subjective evaluation...depends on design and the quality of the build. Some have one or the other, but it takes both. Toto's new dual cyclone flush does a nice job. One thing you'll find between old, high-volume flush toilets and the new, low-flow ones, is that it's hard to do a great bowl wash with sometimes 1/4 the water of the old gully washers. The Toto dual cyclone is one of the better systems out there with great build quality thrown in.