I have two ported guns; a Springfield Armory V-16 in .45 Super and a S&W 629 .44 mag Classic Power Port. Both use different methods to vent gasses and I do see a reduction in muzzle flip when compared to similar non-ported guns.
The V-16 is a 6" long slide that has two rows of 8 small holes drilled in the barrel at about 2 and 11 o'clock, and a corresponding oval opening in the slide that allows all 16 holes to vent upwards. The porting is between the front sight and the rear sight rather than in front of it like a compensator. I see little to no flash, and even with stout 230 gr Super loads recoil isn't bad at all. I believe my muzzle rise with the V-16 and hot Super loads is less than the 5" SA 1911, and much less than the 4" SR 1911, with either gun shooting 185 gr bullets at standard velocities.
The Power Port 629 is a single-opening twelve o'clock port with an intregal gas-expansion chamber machined into the muzzle end of the 6.5" full lug barrel. The front sight sits further back from the end of the barrel, slightly reducing the sight radius. This gun recoils upwards much less than my old 5" classic full lug did when fired with comparable loads, and it's not even close with the non ported 4" 629 Mountain Gun. This I attribute more to the porting than the extra inches of barrel and lug weight.
I really can't tell the noise difference with muffs on between the ported guns and the non ported guns, both will leave your ears ringing after you shoot if unprotected. The "concussion " also doesn't seem to be worse, especially from a revolver that already has blast shooting 360 degrees out of the barrel/cylinder gap 4 to 6 inches closer to your face and ears anyway. Now indoors or under a solid cover they can be louder because blast is being directed upwards (and laterally using some guns) with the porting.
Rifles seem to be a different story when braked or ported, especially for people who are at your sides on a range. In a word: they suck for everyone other than the shooter. Muzzle flip is greatly reduced but there is a noticeable volume difference with them, and like from a handgun muzzle blast is usually directed laterally/upwards rather than forward out of the muzzle. In training I've had more than one M-4 touched off by others lined up in a stack behind me with their muzzle sitting just past my right shoulder. 5.56 muzzle blast from a 14.5" sporting an A-2 flash hider in such a position is bad enough... a gun with a compensator or brake will just about knock your helmet askew and ear muffs off while peppering your cheek and neck with powder residue, trust me!
If you want to try it, give Mag-na-porting a call. I really believe it does reduce muzzle flip and can help keep your gun on target during firing when compared to a non ported magnum revolver.
Stay safe!