Another thing about SSAA. What it does is it takes the image internally and processes it at a substantially higher resolution. Say you have an image that is 1920x1080 on screen, SSAA will be rendered internally at 8 times that if you're using 8x SSAA. So you're basically using an effective resolution in excess of 15000x8000. And then it scales it back down and uses excess pixels in the calculation, smoothing over the colors and aliasing.
Obviously when the card is rendering internally at 2x-8x higher resolution than what appears on the screen, the performance hit is substantial. This is why nvidia does not include it in the driver. With Transparency SS, it does not do ANY of this. It only takes bits and pieces of the image and covers polygons with transparent textures. Thus the performance hit substantially lower than SSAA. But it also looks like crap compared to SSAA.
So bottom line that entire thing you wrote is ridiculous. AMD has better AA than nvidia, end of.
mini frustration / tangent
The other frustration with nvidia CP is that for roughly 60% of games, the override setting does nothing. I'll throw an example out: Dead space 1, dead space 2, dead island, among others. Its completely frustrating that trying to manually enable AA in an older game results in nothing. I'm not a huge fan of AMD these days but CCC always obeys 99% of what you override in their control panel applet. Nvidia control panel generally ignores what you put in, especially for newer games. Its EXTREMELY annoying. For example, with CCC / AMD you can enable SSAA in dead space 2 which plays at great frame rates on Xfire 6970's. With nvidia CP, you cannot under any cirumstance enable SSAA. You can enable regular AA with nvidia inspector, and anything higher than 8x gets you a choppy framerate. And weird shadows sometimes.
Say what you will about AMD but at least their AA override works the great majority of the time. With NV control panel its loads of fun trying to get override AA in dead space 2 and finding it does nothing. Yet with AMD CCC you can simply select SSAA and thats it, it will obey what you put in the control panel. Nvidia doesn't have SSAA, and even if it it did, override doesn't work for dead space 2. It also works via override settings most of the time in CCC, the same cannot be said of nvidia. Look for yourself in nvidia inspector -- nvidia has game profiles for all game exe's in the registry and you can view them in nvidia inspector. Most games (including dead space, dead island like I mentioned above) have the setting "treat override as use applicaton preference" flagged. Thus for the great majority of games override does nothing. Thats fun stuff isn't it? Thats my biggest annoyance with my 580s. Here let me show you what i'm talking about on my system: