PA-BO-MAN-
I had a 2002 mighty-mite and it was pound for pound same arrow yada- yada- yada faster than my current Patriot VFT. Speed is not the reason.
Smoothness of the draw and the feeling the VFT limbs gives you are the reasons to consider the Patriot along with the mighty-mite.

I'm not sure why, but the mighty-mite is (IMHO) a stiffer draw pound per pound than the Patriot. I've read on hear before from people in the know that it had something to do with the limb angle or something like that. Not sure why, just know it is.

Your best bet would be to shoot both with an open mind and make your decision from there. I do know this (in my experience, looking on e-bay and such) the Patriot carried a better resale value than the MM when I went to sell mine.

Shoot them both at the same draw weight and poundage and you'll know which bow ios right for you.
Good shopping.

p.s. I stile Love my Pat VFT!