If you're like me...not a big tekkie (yet) drag really isn't much of an issue if your diving in the local ohio quarries. Not many places to go...no current fighting you...when you want to go somewhere, it isn't far. However, I do harp on keeping gear under control with as many students as I can. That in and of itself I think is wonderful diving practice.
If you're in the ocean, let's say drift diving, and you want to stop and look at something...you'll have a far easier time if you're stramlined. Less hoses flapping in the stream, less snorkles vibrating against your mask (if you have it on). Same goes if you are diving around a wreck in a current...easier to swim against if you're stramlined. Do you see a whole lot of fish "swimming" around with tentacles dangling about...no, their tucked away in a streamline fashion.