The whole point of lock-free data structures and algorithms is that sometimes you can do better by using these atomic operations inside your own code, rather than using a one-size-fits-all mutex based on those same atomic operations.
(Note that I say "sometimes". Too many people believe that lock-free structures are always faster; as always, your mileage may vary. In this case it's a huge win, to the point where I would bet it almost always moves the bottleneck to the code actually using the ring buffer.)