They are not more resistant to "warping"...and calling run-out warping is not correct...Run out is when the pedal pulsates while the brakes are applied, and it is caused by poor wheel torquing once the new rotor is on and/or poor pad "bedding"...applying the correct torque to the wheel during rotor installation is insanely important for this...
Just wanted to point out that its not the heat of solid disc rotors causing them to bend...its uneven wear of the friction surface...iron cracks when superheated, it is very difficult to succesfully bend...
Regardless...it is obvious that drilled rotors have less mass than the same volume solid rotor...the holes also create a gas escape during hard braking, which reduces brake fade...
As mentioned before, in racing they had two good functions...One was less mass for the same sized disc...the other was resistant to brake fade...the third is harder to see for the street...less mass gives the rotor less of a heat capacity...the specific heat capacity of the metal is the same, you just have simply less mass...so it takes less kinetic energy to radically increase the temp of the rotor...this is great for racing pads that require a very high temperature for the highest possible kinetic friction coefficient...and this goes the other way also...the rotor will cool faster also, because less mass gives it less of an ability to "hold" the heat...
You can see why that last reason could be bad for the street..it is very true that the heat cycling drilled rotors go through cuts their life down by about a 1/3 relative to a solid vented rotor...they also tend to chew up pads quicker as well...I am firm believer in the pads are the easiest way to get the most out of your stock brakes...We have a number of pad options that will reduce fade, decrease stopping distances, and increase initial bite way better than any rotors would help...