Well, assuming you put the Res in the right spot in your loop, it will not decrease performance.
You will see mentioned many times that the order of components in your loop do not matter, as far as temps/performance is concerned. However, If you were to have a loop that had the Res, anywhere, except for directly before the pump, then you are not acheiving maximum flow/pressure on the components that would come after the res. Assuming you are using the Res properly. Now, assuming you have the lid/fillport on tight, and the loop is completely closed, the argument that since no medium (gas or liquid) can enter or exit the loop, pressure and flow should be constant is not entirely true. The larger mass of liquid and gas in the Res has an elasticity. This is easily seen in clear flat res (Bay Res is the easiest to view this), you will see a wave like motion, this is the liquid rebounding against itself and the container. This results in a pulse like motion, which if you listen to some pumps in a system with a Res you can hear a slite change in the pitch of the motors hum. A sounds of Vrum Vrum Vrum Vrum
This is because the pressure against the inlet is changing slightly on a pattern over time. Essentially, the res is producing a wave like fluctuation in the pressure. As the liquid is pumped into the res, liquid needs to be expelled to maintain equilibrium. But since there is a buffer of gas, the liquid has room to expand, thus allowing for more liquid to be pumped in, than is drawn out at that exact point in time. To acheive equilibrium, the liquid must then be drawn out faster than it is pumped in, hence the wave like motion.
Its like a suction affect, rather than a steady flow.
Mounting the Res directly before the pump, helps ease this a bit. As the vacum affect of the inlet to the pump has a direct affect on the coolant in the res, drawing it out as liquid is pumped in, rather than a more secondary affect should there be a component to the loop between the pump and res.
A completely closed loop with a T-Line would maintain the most even distrubution of flow and pressure. Since there is no large liquid repository or gas buffer, the elasticity of the liquid is minimized.
As a test. Try placing a decent sized Res in a system somewhere besides directly in front of the pump, listen to the Pump, you should hear a slight ocilation of the pitch to the sound of the pump. In a T-Line you should not hear an occilation. You will still have SOME wave motion to the flow even with the res directlyin front of the pump, but properly placed, it would be extremely slight and completely neglidgable.