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Likewise, we use the term "girl's/boy's" tennis in high school but "women's/men's tennis" in college because most people in high school are under 18 even though they are "women" and "men" in many relevant senses.
The difference in efficacy has to do with the way the body is designed to absorb fluids, and its one of the few areas where hormones and surgery don't make a difference. (A trans guy on HRT with a full set of surgeries generally has male chances of cardiovascular issues, male levels of calorie consumption/muscle-building, etc.)
But it's completely separate from your attraction to other people, so straight, gay, anything is fine in either category.