FCPX Performance on Mac Pro slower than expected
I am a novice with FCP.
I just purchased a new 2013 Mac Pro, 3.5 ghz 6 core Xeon, 256gb HD, 32gb Ram, with the D500 3gb graphics cards. My working disk is a Thunderbolt SSD.
I am also using a 2015 iMac 27", 3.2 ghz i5, 1tb fusion drive, 16gb RAM and M390 2gb graphics card. My working disk on this is also a Thunderbolt SSD.
Processing the same simple 2:38 video clip to 1080p and just a date/time title overlay with all things equal except the hardware, the Mac Pro takes almost 3 times longer to process (3:22) than the iMac (1:21).
How can this be right?
The Mac Pro has a clean install of High Sierra, fully updated, and FCP 10.4. No other programs or anything else added to it.
The iMac is my everyday computer and has a bunch of stuff on it plus was running Windows in the background through Parallels.
I would expect, at the very least, a marginal improvement on processing time using the Mac Pro over the iMac but certainly didn't expect 3x longer processing time!
I went as far as wiping the HD, installing ElCapitan and an older version of FCPX (10.3.4) but got almost the exact same end result.
Benchmarking both machines (Geekbench) is giving me expected results.
Am I missing something?
Thanks in advance