Thebaine is just another poppy alkaloid, it's just one that doesn't bind well to mu-OR. Hydrocodone, oxycodone etc can be derived from thebaine. This does not mean they are intimately related, nor is it the only way of preparing them - hydrocodone/oxycodone can be produced from codeine just as easily. It's just another feedstock. The mere fact that they are derived from thebaine does not instill any sort of "stimulatory" qualities. It just so happens that thebaine is conveniently converted into oxycodone etc in the lab, and since it is much less divertable it is the "preferred" feedstock.
Hydrocodone, etc are probably more "stimulating" just because they are less "dirty" than morphine in terms of their action - more selective for mu-OR. Either that of they have more affinity for histamine release.