Setup:

Target: 2.6.29 kernel, 64 bit, Intel E8400 CPU @ 3.00GHz, 4 GB RAM, SCST trunk
  revision 727 (which is close to the 1.0.1 release). A file of 1 GB residing
  on a tmpfs filesystem has been exported via SCST.

Initiator: 2.6.29 kernel, 64 bit, Intel E6750 CPU @ 2.66 GHz, 2 GB RAM,
  openSUSE 11.0 userspace.

Network: two MHGH28-XTC (MT26418) ConnectX InfiniBand HCA's connected back to
  back, which are DDR PCIe 1.0 HCA's. The IPoIB stack was configured with the
  default MTU of 2044 bytes on both interfaces and was using datagram mode.
  ib_read_bw reported a throughput of 1394 MB/s for this network, and netperf
  reported a TCP/IP throughput of 1200 MB/s (with default parameters).

Results:

Buffered I/O, block size of 512K (dd if=/dev/sdb of=/dev/null bs=512K):

write-test: iSCSI-SCST 243 MB/s; IET 192 MB/s.
read-test: iSCSI-SCST 291 MB/s; IET 223 MB/s.

Buffered I/O, block size of 4 KB (dd if=/dev/sdb of=/dev/null bs=4K):

write-test: iSCSI-SCST 43 MB/s; IET 42 MB/s.
read-test: iSCSI-SCST 288 MB/s; IET 221 MB/s.

Or: depending on the test scenario, SCST transfers data between 2% and
30% faster via the iSCSI protocol over this network than IET.

Note: at least for the tests with a block size of 4 KB, the initiator
system was the bottleneck, not the target system.

Something that is not relevant for this comparison, but interesting to
know: with the SRP implementation in SCST the maximal read throughput
is 1290 MB/s on the same setup.

Measured by Bart Van Assche