[lazide]

Depending on thickness and stud construction, drywall has higher calculated shear load than lath and plaster -

https://up.codes/s/shear-walls-sheathed-with-other-materials

There are easy to install drywall elements (heavier drywall, or sound deadening backing sheets) that also cut down on noise.

As with all things, ‘it depends’. Lath and plaster isn’t used much anymore because the cost rarely outweighs the benefits.

In non-seismic shear wall usage, it’s allowable to use either.

(Edit: fixed my very persistent autocorrect from lath to lathe - doh, thanks for noticing that)