The difference is, whatever you are doing with the 2.4GB/s SSD, you can do twice as much of it on the PS5.
No. You won't do 'twice as much'. You'll do it twice as fast. In practice this will likely boil down to devs using more trickery or slower transitions when needed.
from a visual point of view, the SSD speed difference doesn't close the GPU gap in any meaningful way. At least that's how I understand it
And the difference is while load times will be short on XSX, they basically will not exist on PS5.
Double of a very small number is also a small number too. If load times are non existent on the PS5, they'd be insignificant on the SeriesX.