Think about it. You plug directly into the wall and all power into the adaptor will go to charging the iPod. If you plug into your Powerbook, only the power allocated to powering Firewire devices will be used. The PB still has to charge the battery and run the entire system. Charging an external Firewire device is not top on its list of power priorities, nor should it be considering the extra battery drain when your PB is running off of its own battery.
Steve