They're far more efficient for hammering, because the hammer drill
doesn't have to accelerate the chuck.
There were earlier types of sliding-shank bits, but SDS was the first
one that was really well engineered. They came out at about the time I
started at _American Machinist_, and I wrote a fairly long item about
them around that time, with performance data and comments from pros
who started using them.
--
Ed Huntress