SC MC = Single Coated, Multi Coated.
Multicoated helps reduce flare and glare, and often times to help color film get a better color, but usually at the sacrifice of contrast and sharpness. The Single Coated version (which can be one of the number of reasons why people like the old single coat, or non coated lens), give some degree of coating for anti-flare/glare, but at the same time doesnt coat enough to take away from contrast/sharpness/etc. Though the MC may be better for use with color film, which is why they market the SC to B&W shooters ( Since there seems to be enough of a market to warrent cutting back on the coating).
Think of it like this.
Polarizers and Circular Polarizers. Linear Polarizers actually do a much better job than a CPL, the CPL basically sacrifices the strength of the polarizer in order to aid in being used on an autofocus camera. So older tech may be more desirable when used appropiately, newer stuff sometimes is made that way as a compensation while risking a trade-off.
In short, I'd imagine that the single coat does not boost up the contrast quite as much as the multi coated version, and as such may give it a 'creamier' or flatter appearance especially in B&W.