I can't say what the GM revised firing order is good for on my motor compared to a traditional firing order engine of the same build, but I will offer this up for deliberation. There has been a string of pump gas sub-500ci 4.25 stroke BBCs to come out of DNE in the past few years, and for the most part, each motor has seen better hp than it's comparable predecessor. One of the changes that was made between my incarnation and earlier builds is the addition of the revised firing order on the cam grind.
As Chris mentioned, perhaps it is only good for 3-4 HP, but when a custom ground cam costs $XXX, you might as well choose the grind that will give you the most hp for your $. People always talk smack about the "little things" that the big name builders do, and how they are are great for competition, but you wont see the gains in every day performance applications. As I look at the attention to detail spent on my motor, I can tell you that when you add enough of those "stupid little things" together, you get a measurable increase in peformance.
Will the revised firing order make your boat faster than your buddy's? By itself no, but if the same attention to efficiency is applied throughout the entire build, you will end up with a sizeable difference.
Just my $.02
Chris