The first railways probably had wheels with a plain circular tread. Eventually, conical tread profiles evolved to better handle heavier loads and higher speeds with less flange wear.
Most modern railroad wheels have a slightly conical tread and the rails are canted towards each other slightly by the tie-plates. This helps wheelsets track straighter with less flange contact and wear. Not sure if steam locomotives generally used tapered or cylindrical wheel treads ??
Worn wheel profiles can cause hunting, where the wheels 'hunt' back and forth laterally. I once experienced this while riding an empty boxcar in a mainline train. On straight track the car was slamming back and forth rapidly and violently, which was quite scary. When the train cruised through a curve at 40-50mph, the ride smoothed out dramatically.
Anyhow, the question here is: why did EMD offer a cylindrical wheel profile on SDP40 locomotives circa 1966? Attached images show general data pages from an original EMD loco operator's manual. The SDP40 was intended as a passenger locomotive (very few actually built) and was offered with optional higher speed gear ratios, for speeds up to 96mph. I suspect the cylindrical tread maybe was more stable at higher speeds - but maybe it also depended on regional track characteristics.
I have some other loco operating manuals including GP30, SW1000/1500, SD40-2, C30-7 etc but this is the only manual I've seen that mentions a cylindrical tread option, specifically for the SDP40 only. I would be interested to hear this explained.
Top left of following page shows the part about optional cylindrical wheel tread. Additional pages included for fun.