Yea some truth. The M60s did come years later so there is more modern development there. What I have noticed is the torque curve of the V12. Solid and flat. The other thing is with some massaging more power gains are made with the V12 compared to the V8. Chips(2), honed intake, and even (optional) Csi cams, it really wakes it up. Gobs of torque from idle all the way up with the HP to back it up. With the 850i age, cats are another great upgrade. I have heard an M70 sound like a Ferrari with cats deleted and good exhaust....hehe it was a mean sound that had the perfect V12 resonance.
The best characteristic I like from the M70 is it never feels like it is struggling in any rpms. I attribute this to how there is so much potential awaiting (or just that it's a solid engine).
This also makes it dangerous with speeding tickets. Add the higher speedometer, it takes some getting use to for staying at legal speeds.
I grew up with an 850i since my father purchased one new in 1992. When I get the chance to get in the drivers seat nowadays, I am just impressed how the drive doesn't wear me out like in an e34. It is even more relaxing than my e39. There is also less power loss at higher temps from what I observe. However, if I am on the highway, it doesn't kick, it surges like a plane. Smooth - flat torque pushes it up in the triple digits with ease. No drama. No fuss. What do you get when you join 2 legendary BMW I6 engines?...you get an even better engine, lol.