What unit is your battery current figure in? How did you measure it?
The big difference for nand vs emmc isn't in sequential read/write.. Whereas the emmc can do something like 4-8Megabyte/s write per second sequentially, the built-in flash translation layer can not at all deal with random write (such as swap, /opt and MyDocs), and the speed for 4K random writes degrades to a few hundred kilobytes. The OneNand has no FTL, so we can manage it ourselves, and we have a 600MHz cpu and 256 megs of ram, plenty of room to do something intelligent. As a result, the onenand with ubifs is a few magnitudes faster at serving IOs from a multitasking demand-paging operating system.
So, the interpretation - the current usage of MTD5 as root file space is useless from many point of view - the Read performance is the same as internal 32GB flash BUT (!) - CPU usage is overtop! Actually, I strongly suspect that MTD5 access performance is limited by CPU performance (due to compression in UBIFS?) - wall time == system time.