Ron, a good external WG will flow WAY WAY more than almost any WG housing, unless that housing is so huge that it defeats the need for a WG in the first place.
An external will flow more, but it does bleed iff more of the energy that feeds the turbo (heat and pressure). Sometimes this is good (small housing, way overfueled, screaming drive pressures). Sometimes this is bad, because it means less overall thermal efficiency.
In a twins setup, and External can be used to expand the envelope of "matched" turbos performance. IOW, a perfectly "matched" compound setup makes you choose between spoolup and top end flow (just like a single does, only the stakes are higher). An external gate lets you get a little more spool and keep the top end.
Keep in mind, that an internally gated housing is a choke point. The overall flow of an internally gated housing is STILL determined by the overall size of that housing, to a certain extent.
An external gate has a MUCH higher flow capacity, and therefore can do a better job of preventing overspeeding in the top charger in a compound setup.
Justin