He seems confused at the end why people think wayland is so slow, but don't you think it's because of his xwayland result? People were probably running x11 games on wayland and noticed that significant lag. Just a wild guess. Very nice article, wish people did actual measurements like this more often, of all sorts of things.
Isn't Wayland always one frame delayed compared to Xorg to avoid tearing or has that been changed? If so, his very high refresh rate would minimize that effect
Compositing requires the GPU to do some extra work to draw the frame to be presented. This typically takes very little time (much less than a full frame period). Additionally, most wayland compositors will bypass that extra step if an application is full screen (wlroots calls it "direct scanout").
Also some wayland compositors keep track of timing and delay the final composition until right before it is time to present the frame in order to reduce latency.