You are right Lou, sintered metal can be made in a manner that holds lubricant. Improved wear is often touted as an advantage of sintered machine parts due to this porosity and to their structural uniformity. Sintering is a common way to make a filter media (lightly compacting and heat fusing a powdered metal, ceramics or plastics). The degree of porosity can be controlled to a extremely high level of accuracy.
Depending on the exact process and particular material used, the final sintered item may have more or less shear strength compared to forging, casting or machining the same item from billet. In other words, there is a wider quality range available due to various sintering processes that can be used (higher quality> more expense). So for use in a gear, a sintered gear it is not necessarily better or worse than other manufacturing techniques based strictly on the fact it is sintered.
If you are making a lot of parts, sintering a part can be considerably less expensive than machining a part. If you are making just a few, it is far more expensive.
The fact that these gears shown by the op don't have machined mating surfaces may look bad while on the shelf, but with a few hours of use they will look like they have been machined and will work and last just fine. To call them inferior is a totally blind call.