it depends on the type of engine.
on an n/a car, a small amount of back pressure really does aid low down torque.
in my 1380 mini, when i get an exhaust leak (often due to it being SO low) i loose lots of low down torque due to the lack of back pressure. when i fix it, the torque appears again
in a turbo car, its not the case, maximum flow is needed for power, with no back pressure at all.
although, low down off boost, the turbo engine just acts like an n/a anyway, so in theory at least, the exhaust valve could help.
although personally, i think thats just a gimick, id never bother.
the back pressure arguement is true though.