Performance becomes a bit of a moot point, as ARs in Canada are 'range only'.
I can see the point of a longer barrel on a unit used in Service Rifle, but as has been aptly demonstrated, even there, 'shorties' can still deliver the goods.
For 'runnin' and gunnin'...nothing beats the 10.5" barrel unit...love mine!
As far as reliability goes, as long as the the appropriate gas port size, buffer weight, etc., is used, there should be no significant differences either....
No question that the shorter gas systems are harder on the mechanical parts,but I can accept a 20% reduction in longevity of my bolt (cheap and easy to replace) for the (perceived) handling advantages of a shorter barrel.
Having said that, I would have no issue with being limited to a 14.5" or 16" unit ( I have and utilize both...I just prefer the 10.5")...
Just my $0.02 worth....