As Tubal Cain pointed out a multi-flute endmill, can remove metal at a much higher rate than a fly cutter.
Also, unless the mill is trammed absolutely perfectly either only the leading edge will cut or the trailing edge will cut.
The result is a concave surface.
Assuming the fly cutter cuts a path eight times wider than the end mill (say 80mm fly cutter against a 12mm end mill stepped over at 10mm per pass) the concavity of the end mill cut will be four times as great as any step left by the end mill.
The surface finish may look better than that left by the end mill, but in practice the Ra is unlikely to be significantly better and the overall flatness is likely to be worse.
The only real benefits from using a fly cutter are cosmetic.
Honest!
Neil