On the pistol side of things, let's look at the ballistics using the Ruger 57 from this article:
With familiar controls and a price tag within reach of the everyman, Ruger’s new handgun aims to revive the 5.7x28 mm FN cartridge.
www.americanrifleman.org
Out of the 5" barrel of the 57, velocities of 1,663-1,790 were achieved with several different ammo options. Those velocities are also consistent with what Harrell chrono'd.
If we refer back to the BBTI chart for .22 WMR, we see multiple ammo options achieving 1,650 - 1,723 fps out of a 5" barrel.
So yeah, I remain unconvinced that "there is no realistic comparison" to be made here. It might just be a comparison that 5.7 fanboys don't want to admit.