Brent, I know that you know better than your trying to portray. A 2.09 valve, will not flow the same air as a 2.25 valve, you know that, right. Air mixed atomized fuel = HP, right?
Now then, if your talking about something other than max HP, you have a point but, as far as I can tell, the question was as stated and indicated (as I saw it) the potential for max hp.
All things being equal, that 2.25 valve, unshrouded, will create more hp than the 2.09 valve, as the flow demand increases. Not only that but, depending on the ports design (ability to keep velocity up) it can out do the smaller valve in the lower range, too. You know that, I know you do.