why would you think that eg hypotheticalou couple 1/2 the bandwidth rate with 1/2 the compression rate (80GB vs 50GB), PS5 should be up to ~3-4x ahead in loading times. Which we have not seen. It's that simple really since CPU speeds are comparable.
A/ read stuff from disk/decompression = 1 second
B/ read stuff from disk/decompression = 0.1 second = 10x quicker
A/ do stuff with the data = 5 seconds
B/ do stuff with the data = 5 seconds
total A = 6 seconds, total B = 5.1 seconds not 3-4x quicker. https://forum.beyond3d.com/threads/faster-than-means.62327/
i.e. you've got to look at everything its doing, even if it was a million times quicker reading data it wont change the outcome significantly