Well, I contacted you privately to discuss this so that we may both enlighten each other on what's going on, but you did not respond to my email and instead went out publicly. Oh well.
But let's look at it. The physical link was capable of carrying something like 18 Mbit/s. When running iperf through stunnel, it reported more than 400 Mbit/s. But if you look at the actual bandwidth that was used during the transfer, it was indeed just 4.8 Mbit/s.
So, the 400 Mbit/s is clearly an illusion caused by the compression. Compressing a stream is a worth while goal, for sure. And it can be helpful in many cases. But I guess iperf's data is highly compressable. Considering that much of what's transferred these days is already compressed (multi-media files), I doubt that in the real world you will see any sort of speedup even remotely like this.
The fact is this: If it comes to actually transferring data over the wire, stunnel is very slow and there are just no two ways around it. It attempts compression at very high cost in CPU cycles and in the end is still going to be bound by context switches and interrupts.
I'm going to repeat the tests with compression disabled and update the blog post accordingly.