Lower run-time means less electricity and less tying up of the CPU, making it available for other things. As a real-life example: i frequently use my Raspberry Pi 4 to convert videos from one format to another. This past week i got a Pi 5 and moved the conversion to that machine: it takes maybe 1/4th as much time. The principle with a faster converter, as opposed to faster hardware, is the same: the computer isn't tied up for as long, and not draining as much power.