I've used both, and I can't tell the difference in braking effectiveness, though perhaps machined tracks means slightly smoother braking, since you don't have those protruding rim joints -- "thump-thump-thump" -- that appear, say, on some of my Sun rims. But I'd trade smoothness for a bit more rim wall thickness.
I was riding the 1999 Joe Starck yestiddy, which has a single, front, single-pivot Dia Comp Royal Grand Comp caliper with the statutory salmon pads, pads probably as old as the bike. The brake, activated by 74xx-series Dura Ace levers, is very powerful, modulates very well, and has a nice ("nice") feel. It also maximizes clearance for a front fender, if fenders were things I'd put on this bike. The Tektro 559 or whatever that I used on another Riv were palid and consumptive by comparison and crowded the fenders.
Point (yes! there is a point!) The quality of your brake is far more important that the machining of your brake track.