Arguably it does for its sector. Here's a rejig of the specs table, to make it easier to compare the 4060 Ti to the others:
View attachment 89034
At 1440p, on average, the 4060 Ti was 4% slower than the 3070, in Steve's testing. The latter has a 36% advantage in pixel fill rate and a 56% advantage in memory bandwidth; shading and texturing are down by 8%. The 4060 Ti is also a little faster than the RX 6700 XT, on average, but the Radeon has way better texturing, fill rate, and bandwidth.
Wide and fast memory buses are important when you don't have lots of cache available, but when it's there, the bus traffic notably decreases.