They would be leaps and bounds faster. Especially comparing random IOPS.
Let's just assume they were using a Seagate Cheetah 9LP. That's a 9GB, 10k RPM, 1MB cache UW SCSI disk that was widely available in 1998, for a whopping... $1200 each. $390,000 worth of disks... wow. That could buy 1300 * 4TB SAS drives today with a total raw storage of 5.2PB!
324 * 9LP's would have around 5.5GB/sec of total read/write throughput. That easily beats a single 4TB disk with around 200MB/sec read/write performance and terrible IOPS in comparison to even a single 9LP.
SSDs compare much more favorably here. 10 x 1TB SSDs for ~$6500 could easily reach 5.5GB/sec throughput and triple the capacity of the 324 x 9GB drives.