You might get faster backups, but it all depends on your architecture and where the bottleneck is in a one channel backup. If your backup channels are on separate physical devices, you should see an improvement in write times. Disk writes of the backupsets, in turn, tend to be slower than disk reads of the database files, so there is a good chance that the overall backup time will improve.
If I were you, I would definitely test this. There are too many dependencies to guess ahead of time exactly how your system will behave. One channel and multichannel backups of even a 100 GB database should show a clear trend of whether the method will help and, if it does, how many channels are needed for maximum throughput.