Wellllllll...............
I wouldn't say it's like that.
The older 2-stroke boats were light, and could be thrown around like a big jet ski. And, the new 4-stroke boats are smooth, and relatively quiet. The Merc boats... well... are the Merc boats. (kind of in between)
OK... I've driven the 2000 with both the twin 800 Rotax, and the 240 EFI Merc. To me... they felt similar. The hole shot on the Merc was better. It has a larger pump, and was in good shape. The twin 140mm pumps move water, but are prone to cavitation with the heavier boats.
I've also driven all the "Small" boats. (Sportster with a single 720, Challenger with a single 800, a Sportster with twin 720's, the new Speedster with the N/A and supercharged engines) Hands down... the fastest was the supercharged speedster. BUT... the older Speedster just felt more fun. Probably because it's 500 Lbs lighter. I personally had a single Sportster, that was "Massaged" a little... and probably ran better than the day it rolled off the showroom floor. I loved that little boat. It was under 1000 Lbs !!! Yes... my 4 passenger boat weighed less than a modern 2 passenger PWC, and had room for a day's worth of crap. But, I guess that's why I bought my Polaris Genesis. It's also 4 passenger... makes more power... and has a bunch of storage.
I have not driven a modern Islandia with twin 4-stroke Rotax engines yet... but looking over the numbers... it wouldn't be a contest in the speed department. The 2010 version was known to hit 55 to 60 mph. Mine will do about 49 mph with just me on it, and the top folded back. BUT... then again... if you have 11 friends sitting on it... how fast are you really going to go??
On top of that... there have been hull changes. I know on the islandia, they changed the lower hull twice. So, there's the original... the Gen 2 that had less bow rise, and would ride flatter... and the Gen 3 with the Rotax engines. So... regardless of the power... they all ran a little different.
Other than those, and knowing there were hull changes... there really isn't many crossover boats to give a real comparison to.
I guess if I knew your ultimate goal of the question... I could help you better with it.