When I received my FM9 some months ago, I thoroughly compared it to my axe fx 3 before selling the latter, and one of the comparisons I made was about the aliasing performance. I haven't posted the results till now on other forums to avoid starting a flame war among both fanbois and haters, since these findings somewhat contradict what fractal has officially (un)said about this, and I perfectly understand that they avoid disclosing these details for those same reasons, on Fractal forum and TOP this would be blown out of proportion for sure.
But since we are on TGF and this interesting thread came out, here we go:
I used the method proposed by Cliff to measure the aliasing, feeding a 9-11 kHz sine sweep to the same exact amp model (VH4) and corresponding FWs between the two units. I also tested if there was a difference between having just 1 amp block vs 2 on the axe fx and it turns out there is indeed.
Axe FX with one amp loaded
View attachment 5352
Axe FX with two amps loaded (only one measured)
View attachment 5353
FM9
View attachment 5354
It's pretty clear and expectable that the one having less aliasing is the Axe FX with just one block loaded in the preset, it probably uses the whole 1 GHz horsepower of one of its core to process the amp alone, with an overkill amount of oversampling to reduce aliasing at minimum.
When loading two amp blocks that horsepower has to be shared between those two, so the oversampling rate is probably cut in half and the aliasing gets louder.
The FM9, having basically half the processing power of the Axe FX but split in 4 cores instead of 2, has to cut the oversampling in half again so it has the highest amount of aliasing among the three. And for the reason that the two amp blocks each have a dedicated core, running one or two amps in a preset doesn't make a difference.
The aliasing of the FM9 might seem quite high from these graphs since it's "just" 36 dB lower than the fundamental frequency, but it isn't really, cuz
this test was made with ridiculously high amounts of gain to make the aliasing more visible in the RTA graph,
something that nobody would likely ever use in real world (VH4 ch.3 with all the knobs cranked),
and the dry sine sweep was at -12 dBFS,
a level that probably no guitar DI signal can reach at those frequencies.
Making this test with more "real-world" settings and signals would push the aliasing below -60dB even on the FM9, and in fact I could not hear any difference at all between the two devices in my presets, that's why I decided to keep the fm9 and sell the Axe FX in the end, they really sound the same.