If you use instances to full capacity - yes. In an ideal enviroment
Using 2 F1s at 100% CPU is the same as 1 F2 at 100%
But a real application will rarely be completely CPU bound. Using
external APIs wont be much different, or even 'program startup' wont
be exactly double the speed (disk access will be similer for example)
On the other hand, the extra memory headroom, will allow F2 to run
somethings much quicker. (eg an algorithm could perhaps do a sort by
coping data, rather than sorting in place which would be required on
F1),
So the relationship between the two isnt linear. A F2 isnt exactly
twice that of F1. Everything wont be exactly 2x faster.
Tasks wont just execute twice as fast.
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