You assume the application is compute limited and that the extra performance on the Xeon translates into extra performance on a given application. That's probably not a good assumption for this kind of workload.
Look, today's multichip, multicore servers tend to be unbalanced for a lot of workloads. Their massive compute performance often burns power waiting for main memory, disk or network.
Then the question is, which hardware delivers the right balance of CPU, memory and IO bandwidth for the lowest capital and operating costs.
Also for what it is worth, each card has 60Gbps of general IO bandwidth, and another 48Gbps of SATA disk bandwidth.