You said it yourself - scaling stops beyond 4c/8t.
The 6800U will constantly spike between 40 and 50% CPU utilisation (50% being the point where 4c/8t is fully saturated) once you lighten the load with FSR settings even at 1080p.
You can also see the GPU report that it's also maxed out on utilisation but somehow also sustaining a steady 1900MHz (the two of which combined don't make sense - power limits would cause issues with both the CPU and GPU so highly stressed). This indicates that the chip is idling while waiting on memory for most of the test run here.
That being said, I also don't expect Phoenix to exceed the 1650 by much (if at all) in thin and light notebooks either. As
@TESKATLIPOKA pointed out, the 1650 is a good 40% higher performance than Rembrandt already, and I'm not expecting more than a 30% uplift to be frank.