while there are there are quite a few other factors but yes you are absolutely 100% correct all other things being equal. I run the exact same programs on my haas tm2p and my om2a. At least the roughing routines with a 60 degree chamfer Mill are the same 5000 RPM 0.01" constant engagement step over 114 parts back-to-back-to-back-to-back and I can tell you that at 80 ipm on both machines while the OM does it faster the OM sounds about 10 times louder. That's the same feeds and speeds same Parts same fixtures. OM is about 1500 lb the TM is about 5000 pounds which is about the difference between a tormach and a mini Mill or the one I'm about to buy later this year which is the DT2 since I have absolutely no use for 40 taper TOOLING on these parts and spindle speed is far more important to me.
The other thing to consider with my experience on Haas machines is that at full spindle speed some have a tendency to get really whiny if they have a belt drive. I am looking forward to the direct drive since I have a feeling it'll knock a few DB off the overall noise. It took two technicians on warranty call and finally finding my own information and doing it myself to get the TM belt not to squeal