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So the nMP is twice as fast as the Mini in terms of H264 exports (90% of what I do is h264), while the r-iMac is 6 times faster...What difference will it make the i7 4GHz against the i5 3.5? And the Radeon?
Your tests accurately reflect the difference for that workflow. Quick Sync (which Xeon doesn't have) makes a gigantic difference for single-pass MPEG-2 and H.264. For most web-destined material single-pass H.264 is fine -- I have examined multi-pass and can see little difference.
However if your workflow ever changes, you lose that speed advantage. E.g, say you start working collaboratively with others who need output files in ProRes 422.
The 4Ghz i7 vs 3.5Ghz i5 has two major differences:
(1) clock speed is 14% faster, which benefits most CPU-bound workloads, whether single-threaded or multi-threaded. Many common FCP X editing activities are CPU-bound, not disk-bound or GPU-bound. You can see that by monitoring with iStat Menus.
(2) The i7 has hyperthreading which benefits some multithreaded workloads but not all. E.g, it produces no improvement on Lightroom import, export or preview generation. However FCP export is further improved by about 30% over the exact same i7 with hyperthreading disabled. I have tested that myself.
In general I'd recommend the 4Ghz retina iMac with M295X. The disk can be either Fusion Drive or SSD -- it doesn't make much difference for typical H.264 editing tasks since they're not I/O-bound.
But -- with large amounts of HD or especially 4k you will probably eventually need external storage. Ideally that should be a RAID array, but there are many options at different price points. If it's inevitable you use a fast external HDD, you could consider the SSD iMac, since most of your video files and libraries will be on external storage anyway.
However don't use a 5400 rpm bus-powered USB 3 drive to edit from. In general they are too slow. You ideally want a USB 3 or Thunderbolt externally-powered HDD, preferably RAID 0 or RAID 5. You'll also need something to back that up on, whether your iMac is Fusion Drive or SSD.