I suspect the XSX only actually needs that bandwidth for XB1X BC.
- the XB1X had 326GB/s of bandwidth. (vs a paltry 218GB/s on the PS4 pro)
- a focus of the console (or PR focus anyway) is 'better BC' - doubling title performance to 60/120fps etc.
- if RDNA2 is using cache/compression to make up for bandwidth, then that probably isn't going to provide much of a reliable boost in BC mode.
The XSX also uses an APU, the CPU needs bandwidth too..