IMO, the Magnum caps were made for the people who are using one of the synthetic black powders. These powders need a higher temperature to ignite.
With a revolver, the nipple directs the flame directly into the powder so most of the synthetic powders work just as good with regular caps.
In the case of a rifle, especially the ones that have a bolster mounted nipple, the long flame channel from the cap to the powder cools the cap's flame so these Magnum caps can make a difference in the rifles reliability. I might add that the German Dynimite Nobel caps (RWS) are just as hot as the Magnum caps and work well with most synthetic powders in a rifle.