Did someone mention my name !!
I bought the PJ noisey geardrive and it was simple to fit, comes with a good selection of offset bushes for ajusting the cam timing and has given no problems. I personally like the whine but I could see how it could become a bit annoying if you used the car every day.
The gears are almost staight cut and the two idler gears have a lot of clearance hence the noise but I`m sure some quieter ones are available, some motorbikes have geardriven cams without the noise.
I can`t say what kind of power they soak up but it won`t be much more than a chain. The Big Plus is very accurate timing right thru the full range of the engine. Have a look at a chain after a few thousand miles and some action at the drag strip and it will be stretched. I`m no lover of belts either which have a habit of snapping without warning, resulting in most cases with an expensive repair and some nice dents in your pistons.
As an example I helped a friend work on a Pontiac motor that had seen a bit of action at the track but not a lot of road miles and the chain could be lifted off the cam sprocket, it`s not unknown for them to jump a tooth or two. I also had a belt go on my daily driver and even at a fairly modest engine speed it bent all the exhaust valves. Most modern cars that still use chains have a hydraulic tensioner fitted to take up any slack and make it last an acceptable period of time, this is something most of your V8`s don`t have. The belt driven set-ups also have some type of tensioner and usually require replacement at quite short intervals. If you have a read in the hand book of most cars with belts it will recomend replacement at x-amount of miles or a period of time regardless of mileage as belts can degrade with age.
So if your car is going to see some action I would go with the gears or if it`s just a daily driver save a few dollars and stick with a chain.
J.