Theoretical advantages of floaters are a slight decrease in frictional drag at those bearings and near freedom from the most common type of rod-throwing, which is apparently initiated by big end distortion at high RPM.
The rod tossing when rodders started getting RPM's out of the new overheads is what started the conversions to Ford floaters on drag engines in the mid fifties...some engines (Chevy SBC and Studebaker??) were converted to Ford rods and bearings, then someone...memory says Moon/Potvin...produced special sizes of floaters to allow other adaptations.
High RPM drag engines moved on to aluminum or special or reinforced rods, and soon the factories got interested in performance and offered better rods for some engines.
Bearing development had a major role: The joint/separation area of rod bearings was slightly relieved to allow extra clearance at point of greatest high speed distortion.
Yunick discussed this, and I think claimed credit for studying and detailing the causes of rod failure and the idea of relieving the bearings.
Certain flexi-flyer crank engines hot rodded in the twenties and thirties kept their rods in by curving the bearing ssuface of rod babbitts to allow for crank flex!