On Xbox Series X the games have a full 13.5 Gb of memory to use. Anything like video recording or the like is used out of the system reserved segment of 2.5 GB RAM. Quick Resume only reserves NVME space.It's not like the consoles are able to use the full 16gb as VRAM. A portion is used for the OS (3/4gb for last gen) and then we might have some reserved for the always-recording feature/quick resume (and PS's equalivent),
The memory speed is 10 GB at 560 GB/s and then 3.5 GB/s at 336 GB/s. While that memory is slower its still quite fast and nearly the speed of all the ram on a 3060.