Because the Raptor is based on year old technology. Comparing SCSI (higher RPM drives) to ATA is like comparing game PC capabilites to console capabilities. While ATA is constantly evolving, SCSI takes fewer steps forward which are bigger.
Seagate 10k.6: 36,000 Mbits/square inch
Fujitisu MAS 15k: 34.7 Gb/in2 areal density
What was available at the same time in ATA?
IBM 120GXP: 29.7 Gb/sq in
Since the current 10k and 15k drives have been released, 2 more generations of ATA (by IBM) have been released which has retaken the crown for ATA. When SCSI's next generation is released, it will likely be right in line with what ATA has. If you're wondering about the odd choice of drives, data density is a difficult stat to find, only some drive makers list them, and only for random drives.
And the 15K drives, they use 18GB platters. That's another halving. Which doesn't make any sense. It should only be a 50% decrease, if that.
That isn't true. The diameter of the platter includes the spindle. When the size of the platter decreases, the diameter of the spindle doesn't decrease, meaning all platter diameter that is lost is potential data storage. Also, HD's used zoned bit recording, so the outside tracks store more data than the inside tracks. So by cutting off the outside tracks, you lose a larger percentage of storage real estate than you lose percentage of tracks/cylinders.