The thin plate and agressive teeth of the pull saws mean less work. That's a given because less energy is making saw dust.
I personally don't think you have as much control over direction of the saw. For me it's the straight in-line handle orientation. The tactile feedback is lacking. I feel the same about what's called a gents saw. Same in-line handle.
For me, the Jorgensen Pony version of the pull saw provides the best of both. Its thin saw plate with agressive teeth and slight set doesn't take a lot of power to run. But, the pistol grip handle puts your hand in a more relaxed, natural position and the angle gives you some feedback. I find this saw easy to use all day and I get straighter more accurate cuts with it.
I will admit I haven't tried using a Japanese saw with my work on the floor like they use it. You know, Japanese saw horses are only about 9" tall and they often hold the work with their foot. Maybe, in that position the handle would feel more natural.