I installed one on my TR3 last year, hoping it would help with my overheating problems. I could not tell that it made any difference at all. It has 6 vanes instead of 4, and they have a shape that is presumably more efficient; but they are also quite a bit smaller than the original vanes.
So it probably depends on where you want to increase flow. My uneducated guess is that the smaller vanes probably move less water at idle, but work better at high rpm (where the big square vanes have a tendency to cavitate).
There are some photos I took at
http://s258.photobucket.com/albums/hh260/TR3driver/TR3-4%20Water%20Pumps/ of the new "high tech" pump, compared to an original pump (with the bright bronze impeller) and an aftermarket pump I bought from Moss maybe 20 years ago (cast iron impeller, I think, under the deposits).