I'm not saying I agree but he has said before these console's even launched that they're going to be bottlenecked by rendering power.16gig is not enough, that’s why games still load and stream assets during gameplay.
Processing whether it be general purpose, or gfx is a completely different conversation to the data sets available, yet have a symbiotic relationship.
It implies that he believes the additional video memory won't help with graphics performance, and doesn't think it's going to be a 3GB GTX 1060 vs 6GB GTX 1060 type of situation.
Streaming assets quickly can reduce or eliminate loading times, or it can lower the burden on the memory. The memory benefit is moot if there is already a surplus of memory.
Like I said, I'm not saying that I agree with the premise that 16GB is enough, but if it is, then the conclusion about the SSD's speed being overkill is completely reasonable.
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