I recently replaced a WD "Green" 1.5 TB drive (essentially 5400 RPM) in my music server with a 1.5 TB 7200 RPM Seagate.
There is no difference in music playback, nor in selecting music to play.
The only difference I've found is the 7200 RPM drive backs up much faster and it is also faster if one re-indexes the library. (A Squeezeboxserver wipe & rescan is about 75 minutes on the 7200 RPM versus over 2 hours on the 5400 RPM drive.)
Both of the latter items are only maintenance issues done in the background and do not interfere with the playback. My music server is in a different room so drive noise is not an issue.
There is no difference in music playback, nor in selecting music to play.
The only difference I've found is the 7200 RPM drive backs up much faster and it is also faster if one re-indexes the library. (A Squeezeboxserver wipe & rescan is about 75 minutes on the 7200 RPM versus over 2 hours on the 5400 RPM drive.)
Both of the latter items are only maintenance issues done in the background and do not interfere with the playback. My music server is in a different room so drive noise is not an issue.