There is two ways to freeze action, shutter speed or light duration. Either will work equal for short light time, the limiting factor is the lights ability to fire and turn off quickly.
The PW will allow you to shoot a shutter speeds above sync speed, but the light need to be able to stay lit for the time it takes for the full exposure. The problem is finding a light that can do this.
The simplest ay to imaging the process is.
You have two plates that move across the sensor, the first and second curtain. The move at the same speed regardless of shutter speed setting. The shutter speed setting adjusts the time between when the first curtain starts moving, and the second starts moving. When the time is slow, the first curtain will have moved right past the sensor leaving it fully uncovered before the second curtain starts to cover it.
If you fire a fast burst of light at this time, you can freeze action.
Then when you increase the shutter speed setting faster than the max sync rate, the 2nd curtain will start covering the sensor before the 1st curtain has fully opened. If you have a constant light, this two will freeze action. But, the problem with using a flash, the flash fires quicker than the time it takes for both curtains to do their job. so you end up with part of the photo black, covered by the curtains.
The is two ways to over come this. Use multiple firing of the flash, of have the flash stay alight longer. In the case of the PW, it relies on the flash having a slow fall off, it fires the flash a little early and uses the after burn for exposure light. But again, this after burn needs to last long enough.
Hope that helps... I still haven't worked out the best light to use with PW. If heigh speed shutter is not a priority, then either will work fine.
I'm also considering using multiple 600EX-RTs, but this may require DIY modifier mounting.
I wander if anyone has tried LEDs