Crossdrilled/slotted rotors are superior to blanks in how they expel heat and deal with fade from the pads. It is true that you sacrifice mass when you drill/slot a rotor, mass that would otherwise take in more heat... but at the same time you gain more surface area to expel that heat into the ambient air. Also, the holes give the gas from the boiling adhesives in the pad somewhere to go... thus effectively raising up the fade temprature of the pad. If Pad A would fade at 700*F on a blank, Pad A may fade at 750*F on a slotted/drilled rotor.
That said, cross drilled rotors are, IMHO, for racing on cars that you intend to replace the rotors on after every race or two. There's cases of the fatigue cracks along the drilled holes propogating across the entire rotor, causing it to break under braking. Street driving and cross drilling aren't the best combination.
For perfromance on the street, slotted is the only way to go. I have PBR ultimate ceramics on Powerslot rotors, and they are awesome so far... 8000km of hard driving and counting. For reliability and longevity, blank rotors make alot of sense.
With good pads, the difference will be small between different rotors, assuming that the rotors and pads were bedded properly. Most fade characteristics lie in the pad, as that the pad is going to heat up and boil long before a giagantic hunk of cast iron will do anything other than be a big chunk of cast iron. More mass in the rotors means the rotor takes more heat from the pads and expels it to the ambient air but more surface area means more area to transmit that heat.
I guess what I'm saying is that the quality of the casting matters more than the amount of machinework done after the chunk of cast iron is shaped into a brake rotor. Slotted, drilled, both, or blank, it's not going to make enough difference to live on for a street car. A cast iron rotor is a cast iron rotor, it'll do it's job if it was cast properly. Any holes that are cut in it after it is cast only serve to weaken its granular structure.
It's all a trade off, there's no free lunch. Slotted rotors tend to kill pads faster.