The ipad chip is no different it's the antenna that's bigger the iphone4 uses a large external antenna (metal band down side of phone) so should be better.
I think it is a different chip in the iPad than the iPhone 3GS and it does use the frame as the antenna.
iFixIts iPad 3G teardown reveals that the tablet uses a GPS chipset thats superior to the iPhone 3GSs GPS hardware. Gone is the 3GSs Infineon Hammerhead II GPS chip, replaced by the iPad 3Gs Broadcom BCM4750UBG Single-Chip AGPS Solution.
I have been testing iPhone 4 for about 30 minutes and I can say that GPS receptions seems much improved over my 3G phone. I am currently getting a lock inside my house and it did lock in very quick!