I would stay away from reiserfs for TB size partitions. Reiserfs has many advantages, but one big disadvantage is it takes forever to mount TB size reiserfs partitions; we're talking several minutes here. See this discussion for more info:
http://kerneltrap.org/node/6089
If you don't boot up a lot or mount and umount the large partition often this wouldn't be that big an issue. But if you do it's a real pain.
XFS is suppose to be superior for large files, better than reiserfs and ext3, at least that's its claim to fame. However, there are a lot of reports of XFS getting easily corrupted to the point of losing all data, particularly on hard shutdowns. Nonetheless, XFS was developed by SGI for large multimedia files like those used in movie animation and the benchmark articles generally confirm its superiority for dealing with large files.
All that being said, you are not likely to see that significant a speedup to justify the hassle of changing your filesystem from ext3 IMHO.