Simple ballistics shows simple things, like one drifts less than the other. If you stop there, then obviously less drift is the superior round.
But take another step and look at how much less drift there is, and even more importantly, is it something the shooter can use? or use easily??
I don't have the numbers for the various .17s but just look at the base concept, of "less is more". It is more, IF it provides some useable advantage, otherwise,, not so much.
You have to be able to compensate for drift (and drop) no matter what it is, if its anything other than zero (which, on Earth, it will be) so, since that is the case, compensating for 1" drift vs 1.4" drift or 2" drift involves exactly the same thing differing only in amount. Knowing what amount you need to compensate for with what ever you are shooting is more important than the difference in drift between different cartridges.
Put another way, if you need to hold off 3" for a .22 but only 1" for a .17, you still have to hold off, and be able to hold off (or adjust for) that much at the given range. If you can do that correctly for one round, you should be able to do it correctly for a different round. If you can't flatter trajectories and less wind drift aren't going to help much.