I always thought that aluminum bats were design for durability and were not necessarily intended for performance enhancement vs. wooden bats. Composite bats obviously changed that, but I think baseball changed their performance specs a year or so ago and banned all bats without a current stamp which eliminated a lot of the "hot" composite bats.
About four years ago school baseball adopted the BBCOR standard for bats. Starting in 7th grade and through college, baseball players must use a -3 bat with a BBCOR certification. This certification allegedly assures that the bat will perform more or less like wood (a couple of Marucci bats have been decertified for being too hot). Prior requirements were less restrictive and resulted in higher exit speeds, etc. However, I do believe that the BBCOR bats still have a larger sweet spot. Chinamigarden is correct, the sweet spot on a wood bat is not much bigger than the ball itself, about 4.5". However, BBCOR has not been adopted by any youth leagues that I know of, and it is still pretty much "anything goes" at 12U and below.