Low pressure in the crankcase would only be have a power advantage during the intake and power stroke. Low pressure in the crankcase would have an equal and opposite power disadvantage during the compression and exhaust stroke.
Low pressure in crankcase would reduce the amount of oil being forced past the rings into the combustion chamber..
Is this a test?
The pumping losses result from air being pumped in and out of the crankcase, thru the breather hose on all strokes. If there is a check valve, we get no air coming back in thru the breather to speak of, and the crankcase is pumped-down to low pressure, and the low pressure in the crankcase serves as the suction engine for the fumes to be drawn down from the cylinder head and timing chest into the crankcase, where they are evacuated out the breather hose subsequently.
Once it's at low pressure, there's very little in the way of fumes needing to be evacuated out the breather, so it's very low pumping loss pushing them out, and none coming back in, so pumping losses are reduced.
And yes the ring sealing is improved because less oil is pushed past the rings from pressure below. And reduces some oil leaks too.
All performance engines use techniques to reduce pressure in the crankcase, and in some racing engines with dry sumps, they even put vacuum pumps in to pull nearly a total vacuum in the crankcase.
In normal engines, the PCV system provides some of this effect.