But the AF100 doesn't record 1080p60.Codec is the almost the same (as far as I remember it is from TM-300), bitrate is just lower. But you can look at 1080p60 performance in TM700 and it is more important as you must look at progressive encoder performance. And it can be quite different compared to interlaced implementation. And bitrate for 1080p60 in TM700 is 28Mbps that is higher than AF100 best setting.
Most people here are going to be shooting 1080p24 and 1080p25, which should be using PH mode, which is average 21 Mbps/Max 24Mbps according to HMC40 info on Panasonic website.
So the the TM-700 is squeezing 2.5x as many frames into its 28Mbps, as the HMC40 squeezes into 21-24Mbps.