What about the modulation? I find the gradual increase in power to be a substantial benefit to the Magura brakes.
My favourite thing about their on-trail performance for sure. Progressive power with tonnes on tap when needed.
In my experimenting performance with Servowave levers was very poor. No modulation and a weird power curve likely due to the pads sitting static much closer to the rotor with the Magura calipers compared to Shimano. Raw power is fine but definitely not an improvement over either system as a system.
Running the Magura calipers with non-Servowave Shimano levers performance is very good. No point in doing it with the MT-5 since those blades have a huge range of adjustment (unless if you're wrecking levers all the time - not something I've seen/heard of) but I played around with options because the 7's weren't the best with my small hands. Ended up modifying some stock 7 blades and preferred those.
Now I have HC blades and they're awesome for smaller hands. I prefer the feel of the Magura levers (modified or HC) for a few reasons but that's personal preference.