Hi, This is two different protocols. ADSL, Internet etc use packet switching. This has an overhead. Packets contain addressing so they know where they are going and coming from, also they use start/stop bits on each byte, usually just the stop bit.
Point to point (leased lines) have no need of this as they know what is at the other end so the usual protocol is bi-synchronous transmission. This needs no addressing just a few control characters at the beginning to synchronise both ends in the data stream. It has no start/stop bits but sends a CRC character at the end of each block to check for data validity. Very similar to disk drive operation, it has limited capability to correct the datastream on the fly.
i.e. Packet switching data is at least 9 bits to the byte.
Bi-sync is 8 bits to the byte. (or less if 7 bit data is being used). Obviously both systems speed is dependant on the modem speed & line speed.
regards Michael