Which would be the best upgrade for the money?

Here is my situation:
My school has a six year life cycle for macs, and we have a 2006 Mac Pro (1,1) that is reaching the end of its useful life. I had recently tried Final Cut Pro X and it pains me to say that it took 4 hours to export a 14 minute 720p video. This mac is used for our school news and has to be a beast video editing machine. We have been saving money for quite some time and can now afford a decent upgrade. So my question to you is which would be the best upgrade for the money: a 21.5 inch iMac with an i7, 8gb RAM, and Fusion drive or the cheapest Mac Pro with after market SSD? This mac needs to be the fastest at Final Cut Pro X and able to usefully last us another 6 years. Please help I am forever perplexed with this!

Id go for the I7 with minimum 8 Gig ram and as much SSD as your money will buy.
It's not only about having a fast CPU but just as important is to get the data in and out as fast a possible.
Without a real fast drive your CPU will spend a lot of time just waiting for the data to get to it and then wait more time while it has to write back to the drive.
You can always add a slower drive for archiving and large amounts storage.
Cheers!

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