as smakie says, an upcut will clear the chips faster, but at the expense of tearout on the top of the wood. A downcut gives you the cleanest on the top (i.e. nearest the router), but compresses the chips down, making it difficult to clear. Good extraction + upcut spiral = most chips removed while you work. An upcut bit will also leave the bottom of the wood (furthest from the router) with the least tearout. There are also compound bits that do downcuts at one end and of the bit and upcuts at the other. If you match those to the right thickness of wood, you can get pretty near perfect cuts with almost no tearout. I use these with a CNC for cutting plywood for instance with great results even on fretwork.
That doesn't equate to cutting your hole faster! I don't very often cut holes, but I've cut a lot of worktops of various types and would have had to charge a lot more if I'd had to do 20 passes!
A big (i.e. 1/2 inch with a decent motor) router and a SHARP bit will cut through a LOT more than 2mm a pass with nice clean results. There's a reason why you see worktop cutters in multi-packs though, they last for only a few cut outs or mitres before they start to blunt.