As always, we kick off with CrystalDiskMark, as it's a quick and easy test to run and gives us a baseline for the drive performance. We ran the benchmark using all available RAID modes, then—as this is the first NAS we've tested with working SMB multichannel—we tested with dual Ethernet and finally with SSD caching added in to the mix to see if the extra network bandwidth would offer additional performance. SMB multichannel brings with it some real world performance benefits, even when using mechanical drives, as long as it's not RAID 1. CrystalDiskMark mainly takes advantage of the extra bandwidth when writing data to the drives. It's a tad inconsistent and we oddly enough saw the biggest performance with SSD caching enabled in RAID 1, as both the sequential write and read performance got a massive boost here. The only other test scenario that saw any read performance benefit from SMB multichannel was with an SSD installed, but even here the read speeds weren't as high as in the RAID 1 configuration, which is odd, but we re-ran the test without getting any better performance using an SSD.
iPerf3
To make sure that the networking interface is working as intended, we run a quick test with iPerf3. As iPerf3 doesn't support SMB multichannel, there was no extra performance benefits to be gained here, but the AS5404T delivered the expected 2.5 Gbps throughput.
NAS Performance Tester
Next up we have the NAS performance tester, and this test provides some actual drive benchmarks, since it bypasses any kind of system caching, as it's set to use an 8 GB dataset which is deleted and re-created during each iteration of the test. The test runs five iterations for each of the read and write operations. Here the AS5404T outperforms the TerraMaster F4-424 in every single test, showing that older hardware might not be a limiting factor when it comes to NAS performance. With the added benefit of SMB multichannel, it's possible to get some extra performance in all RAID modes except RAID 1, which still needs the help of SSD caching. There's little to no benefit of using SSD caching when connected over 2.5 Gbps—except for in the case of RAID 1—which was expected from the earlier tests. However, we see big increases in throughput across the board using SMB multichannel with the dual 2.5 Gbps Ethernet interfaces sharing the load, even if the performance isn't doubled, it gets very close in some of the tests here.
Helios LanTest
Helios RAID 5 2.5 Gbps
Helios RAID 5 2.5 Gbps SMB multichannel
Helios RAID 5 2.5 Gbps SMB multichannel SSD Cache
Helios RAID 1 2.5 Gbps
Helios RAID 1 2.5 Gbps SMB multichannel
Helios RAID 1 2.5 Gbps SMB multichannel SSD Cache
Helios RAID 0 2.5 Gbps
Helios RAID 0 2.5 Gbps SMB multichannel
Helios RAID 0 2.5 Gbps SMB multichannel SSD Cache
Helios single SSD 2.5 Gbps
Helios single SSD 2.5 Gbps SMB multichannel
The fourth and final synthetic benchmark is Helios LanTest which runs seven different tests to measure both response time and raw throughput of a NAS. We ran the test fives times which produces an average of those five runs to eliminate potential outliers. Unfortunately we didn't see any benefit of SMB multichannel here at all and the overall performance lagged somewhat behind the TerraMaster F4-424, but not enough to make one or the other stand out as the obvious choice.