It's a feature that I think is important with homogeneous bullets. Being longer due to lacking density produces inherent issues regarding increased engraving forces, fouling, overall friction in the bore, etcGS was our favorite bullet we used prior to making ours. Their drive band design was inspirational to our design. We took it to the next level with the radius design of Hammer Bullets drive bands. Our patented radius design minimizing even more material that makes contact in the bore on the outside diameter of the bullet, takes the control of pressure and consistent accuracy to the next level.
The link you provided to the GS description/comparison between grooved and drive bands is very good. They definitely are not the same thing. The shared goal of pressure reduction in both designs is similar. How effective they are is what makes most drive band designs better than grooved designs.
Drive bands, bore riders, etc are good methods in reducing those things, but can induce problems of their own, such as parabolic drag. Applying a radius is indeed a good method to reduce drag. Keeping the bullet as aerodynamic as possible is always a good thing, when it doesn't compromise terminal performance and its intended purpose.