I don't know what rsync does on top of that (pipelining could mean many different things), but my empirical experience is that copying 1 1 TB file is far faster than copying 1 billion 1k files (both sum to ~1 TB), and that load balancing/partitioning/parallelizing the tool when copying large numbers of small files leads to significant speedups, likely because the per-file overhead is hidden by the parallelism (in addition to dealing with individual copies stalling due to TCP or whatever else).
I guess the question is whether rsync is using multiple threads or otherwise accessing the filesystem in parallel, which I do not think it does, while tools like rclone, kopia, and aws sync all take advantage of parallelism (multiple ongoing file lookups and copies).
No, that is not the question. Even Wikipedia explains that rsync is single-threaded. And even if it was multithreaded "or otherwise" used concurent file IO:
The question is whether rsync _transmission_ is pipelined or not, meaning: Does it wait for 1 file to be transferred and acknowledged before sending the data of the next?
Somebody has to go check that.
If yes: Then parallel filesystem access won't matter, because a network roundtrip has brutally higher latency than reading data sequentially of an SSD.
If copying a folder with many files is slower than tarring that folder and the moving the tar (but not counting the untar) then disk latency is your bottleneck.