<snip>
One regular  misconception about (cycle time), irrespective of the type of 
processor the 'speed/cycle time' of ALL the processors is the SAME 
</snip>

I'd disagree a bit. I think that the "misconception" is of conflating 
"speed" with "cycle time". 
It is true that the machine cycle time for all of the processor types is 
the same. 
But the speed might not be, depending on configuration. 
So it is best to avoid using a term such as "speed/cycle time".

Peter Relson
z/OS Core Technology Design


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