i made a screencast comparing FCP vs AME since doing it from FCP timeline is faster than Compressor alone. FCP did transcode the video as well...
So why is AME more than twice as fast when everyone is saying FCP/Compressor is faster? If anyone can review the video and tell me what I'm doing wrong, I'd really appreciate it...
I watched your video and ran 13 different tests using both FCPX 10.3.1, Premiere CC 2017 and AME 2017 to try and figure this out. My source media was a 60 second 3840x2160@29.97 H264 from a Panasonic GH4. Encode output in most cases was H264 720p/29.97. Hardware was a top-spec 2015 iMac 27 with content on a Thunderbolt 2 RAID-5 array. My results below:
FCPX (File>Share>Master File>Settings: Computer, H264 Faster Encode, 3840x2160): 44.2 sec
FCPX (File>Share>Master File>Settings: Computer, H264 Better Quality, 3840x2160): 1 min 28 sec
FCPX (File>Share>Master File>Settings: Computer, H264 Faster Encode, 720p): 21.2 sec (3x real time)
FCPX (File>Share>Master File>Settings: Computer, H264, Better Quality, 720p): 41.4 sec
Compressor 720p/29.97 H264 2-pass, 16 mbps: 45.1 sec
Compressor 720p/29.97 H264 1-pass, 16 mbps: 26.0 sec
Premiere CC 2017 (Match source settings, ie 3840x2160): 5 min 11 sec
Premiere CC 2017 720p/29.97, VBR 2-pass, 16 mbps: 2 min 57 sec
Premiere CC 2017 720p/29.97, VBR 1-pass, 1 min 30 sec
AME CC 2017: H264 720p/29.97 VBR 2-pass, 16 mbps: 2 min 55 sec
AME CC 2017: H264 720p/29.97 VBR 1-pass, 16 mbps: 1 min 20 sec
Comments: FCPX and Compressor were faster in all cases, often 4x faster. I can't explain the performance difference you've seen. You are on a nMP which does not have Quick Sync but in the previously-posted video test on a nMP, FCPX was still much faster than Premiere.
In general I'd recommend exporting directly from FCPX using the Computer/H264/Faster Encode setting. This is single-pass but I cannot visually see any difference between this and multi-pass. I generally use single-pass on all proof copies and (if I remember) switch to multi-pass for the absolute final export, but sometimes not even then.
For H264 720p export using the above settings, FCPX uses a bitrate of about 12 mbps, which is not far from the 16 mbps you selected. 12 mbps is more than double the bitrate that Youtube recommends for 720p.
I did two final tests comparing FCPX export performance of 4k material using both a 4k project (ie "sequence"), and a 1080p project. Exporting 720p from a 4k project was about 2x slower than from a 1080p project. All of the above tests for FCPX and Compressor used a 1080p project since that is the common practice for editing and exporting 1080p or below from 4k material.
FCPX enables full resolution of the underlying 4k material when editing in a 1080p project -- you can crop/zoom into the frame and still get the full 4k benefit, yet many operations will go faster. I have never tested this before but that apparently includes export performance. If you ever need to do a full 4k export you can simply copy/paste the 1080p timeline into a 4k project and that will enable 4k export -- all the edits will still be there.