Yes and no - ceiling is practical, yes, just like maneuverable and easier to pilot. Silent, however, is not. You're not going to hear the planes when you're in combat (unless there are at least several dozen heavy bombers). If you can hear them, you can see them.
The traits:
Increased speed: Not that useful, I believe. Once we get monowing designs they're going to be faster anyway
Cheap: Advantages in numbers.
Easy to pilot: Advantages in numbers
Easily maneuverable: Practical for dogfights
Increased service ceiling: Practical for zoom and boom
Fuel efficient: Always good. More range, less maintenance cost
Aerodynamic: Short fields and slow is great!
Silent: For night-attacks only, but then can be pretty good for sneaking low over ground
Enlarged ammunition drums: More dakka
Resilient: Useful both in dogfights and to lose less planes: More numbers
Basically, there are two tactics in aerial combat: Turn and burn / zoom and boom, colloquially.
The first one requires you to be more maneuverable. You turn faster than the enemy, and therefore are quicker behind him. The slower, the better for you. This means maneuverable, easy to pilot and aerodynamic.
The second one means you dive as quickly as possible, have a few moments to fill the other plane with as much lead as possible, then run away again. Speed advantage means the other can't pursue. This means increased service ceiling, and increased speed.
Additionally, several others develop other qualities, but we've got to decide on one of them. I'd take maneuverability, because, again, biplanes are more maneuverable but slower than the monoplanes that will soon come.
Edit: Nope, it means I've only picked aerodynamic only for now.