My take on this - degree of development determines tonal range of the negative and quality of tonal separation, not just highlight to shadow, but degree of separation between neighboring tones that are close together in the subject. The quality of the "information" that arrives at the paper emulsion during print exposure depends on what the film carries. A certain degree of development will yield a negative with as much range as it can contain, with corresponding separation quality, and detail at both ends. Anything less than this sends less image info to the paper.
I read a paper (I think by Bruce Birnbaum-sp?) advocating negs as full range as possible, to optimize the detail and separation. Makes sense to me.
Besides, if it's not articulated on the film, it won't get to the paper.
Like always, it doesn't mean that a full range neg is best for what you are doing, but I think it is worth keeping in the thought process. The final look is what you are after.
Just MHO