This would not, of course, be a good comparison between the languages, but it might well give you a 100x speed difference. Taking Pitman's story at face value, it sounds like Wolfram wasn't very sophisticated about these things, and wasn't open to listening to explications. So he might have extrapolated a single dumb benchmark into a universal truth.
At the same time, it sounds like Pitman tried to convince Wolfram to represent floats as the ratio of two bignums, "with lots of other hidden bits to assure that any decimalization had enough bits to be precise." I can understand Wolfram not particularly wanting to taste any of that pie. I have worked with a simulation platform that uses paired BigNums just for time values (other values in the simulation use regular double-precision variables), and it was a big drain on simulation speed.