I usually test distros in a VM instead of installing them on bare metal. So far I have not found a distro specifically tailored to development though, and the question really should be what tools are best for development?
In that case, Emacs/Vim[2] would be a good start, and being able to develop without an Internet connection helps harden your coding ability too as you're not so reliant on the solutions of others. Go for one day of coding without Stack Overflow/Google and see how you fare.
[2]: https://stackoverflow.com/questions/1430164/differences-betw...