Well, yes and no... the peak draw SHOULD be lower, with of course less 'power' at the wheels. It's complicated, there are actually a few factors that would determine which would be better, for general use. Most BL motors have 'ideal rpm ranges', Neu motors seem to have the most usable, and broad rpm range for practical use.
For reference, my Revo with a 7XL motor on 5s2p A123 (~4s lipo), geared for 45mph, I get 130 amps peak draw... and I know people with a 9XL geared for the same speed get less than 120 amps, I am pretty sure.
But, again, it is usually hard to determine this... as these motors we are using have 3 times the torque that will keep the wheels on the ground, thus making for too many variables to take into account.
Theoretically though, a motor of lower Kv. on the same voltage as a higher Kv. motor WILL draw less current.
This might be confusing some people...