Smoother yes, but more efficient no.
Some of the power output of your engine is wasted in driving out the exhaust gases and pushing them down the pipe. A turbo is powered by a fan in this pipe that is spun as the gasses go past, putting only a little extra load on the engine (the gasses had to go that way anyway). A supercharger is powered by a belt off the crank pulley and thus represents a constant additional load on the engine.
I wonder if high flow cats will become standard next. A little thought about fact is that cats also reduce efficiency by making it harder to push the exhaust gasses through them. If your car lives on the motorway, a de-cat is probably better for the environment than a catted car IMO.
But but but the emissions numbers are low and its shiny and new, this must be good for the environment right....!?