Though I currently have no experience with banjo ukuleles (I am however working on resolving that), my 14" snare drums have both 8 lugs and 10 lugs. Most of them are 8 lug - larger diameter, fewer lugs than the topic here. When tensioned and tuned evenly, there is no trouble. What I benefit from with the 10 lug drums are a more fine tuned tuning range and tighter resonance. However, I prefer the tone and jangle from the 8 lug drums. They make a product for drums to reduce some of the ring called Moongel. It is a stick on square material that is just stuck on the head near the rim and then peeled back off when not wanted. I've wondered how this would work on an overly live banjo / banjo uke.
Surely, my post could all be moot when it comes to bajoleles and banjos - I have no idea.