The word that was bolded was part of 'Less lines, less work, faster engine'. codemastr pointed out that it wasn't less lines, which kinda destroys the line of thinking that you had going on in that sentence. Besides, less lines doesn't necessarily mean less work. Clean logic is more important. Having well structured flow to your code is more important. With that said, goto does not provide those things well, structured statements like while loops and select/case provide it by the bucketload.
BTW, I found goto loops to be approx. 5% slower than the equivalent while loop.
