Riak loves random read/writes, spinny discs do not, try things out with a SSD sometime and watch things go from a shoddy XXX ops/sec to XXXX(X) ops/sec.
As a simple remark on this, I've gotten 1000+ ops/sec on a single machine operating as 3 nodes (equating to about 3000 ops/sec per node) when using an SSD and a measly 150 ops/sec with a spinny disc in the same setup (equating to about 450 ops/sec per node)