AFAIK that's true.
The instant explosive release of gas (straight pipe cut off @ 90°, exposing the entire circumference simultaneously) provides the strongest wave.
The megaphone's diffuser with its very shallow taper provides a much lower pressure change, but it takes place continuously along the length of the taper.
Obviously, the time element in a straight pipe is instantaneous, and no energy is preserved.
In a tapered cone, energy is still available to be reflected as the gas progresses to the next section of the cone until the expansion reaches 625% of the primary area, or primary ID × 2.5 (quoting Jennings, Naitoh & Namura, and Blair). The useful length of the meg is limited by this final ID (at which wave strength is gone), and of course by the included angle.
Unfortunately, the obvious "middle ground" (a very high taper angle, to shorten the gas expansion time and maximize wave strength) causes high energy loss due to flow separation.
IIRC the highest included angle that produces reliable results is about 12°. This has the strongest wave energy, but the affected RPM range varies with the time in seconds for the wave to reach the end of the taper, so a high angle has a narrower engine speed range. IMHO the point where the primary enters the cone must be as geometrically perfect as possible to prevent any seam or joint irregularity from "tripping" the gas and causing separation.
The reverse condition (a shallow taper) produces an even weaker wave, but will have greater length to reach its dead-end 625% expansion area. About 5° still provides enough wave strength to be useful.
If the taper is shallow enough, the length will become impractical to hide.
My idea (but limited to a single primary):
The primary length for peak power (measured from valve to diffuser opening) is determined by the usual Bell etc. formulae including gas speed, temp, exhaust valve opening point, and RPM.
The diffuser taper (primary end to 625% area end-point) is determined by the taper angle.
The angle is a compromise how much RPM range you need (upshift RPM loss, etc.), an how much wave strength you can get before the range is too narrow.
The minimum RPM that will receive benefit is the combined primary + diffuser lengths, deconstructed from the bell method.
How the diffuser area is determined from a collector system is yet a puzzle, since each primary loses a great deal merely by entering the collector, suggesting that the maximum cone size is much smaller than the formula.