So the 850 flows more than a 950?
Yes, if it uses the small venturi and bigger plates.
Like Barry said though, comparing advertised cfm is tough. An HP 750 with contoured entry and no choke is advertised to be the same cfm as a 3310 with a big choke tower which is claimed to be the same as an annular booster 750 with a giant banjo in the air stream. The cfm really indicates a basic plate and venturi combo now more than a real number, at least with Holleys. Good thing is, does 750 cfm vs 780 cfm really make a difference, unlikely,and generally if it did, go one size bigger
The point I'd like to make again is that with some thinking, even with the 850 with less venturi taper (or hourglass, whatever you want to call it), can be tuned to do what you want to an extent, changing the HSABs, raising the float level, even air cleaner design changes how quick the mains can respond. Even booster changes are easy if you have the tool and the ability to tune it afterwards
It's all about getting the airflow around the boosters to make the boosters change what they provide. Idle circuit doesn't matter, it's tunable and just a hole below the plates, transition doesn't care about the venturi shape or size, it just needs airflow around a plates as they open, it all comes down to if engine demand changes, how quick can the booster "feel" something different, and it's affected by many things, the booster, the air bleeds, the emulsion circuits, availability of fuel (float level)
I personally really like a good 4781 850, stock out of the box usually works well, but I tend to prefer a with a pair of 30cc pumps instead of the big 50cc rear. I have also had good luck with the 1000 HP series, but only after a lot of thinking.
*** On edit, truth in advertising, I have never actually used or tuned a 950 Holley, but have had my hands on pretty much any other Holley you could think of. They are interesting, I assumed they originally resulted from a creative solution to a class racing restriction, but smart guys sure like them. So I am certainly not knocking them, mostly saying that the 850 isn't the problem child that the 950 made it sound like.