Necrons u
se the webway also. It is just more limited because they have to smash through the Webway before it closes off again to get from place to place.
Tau and Covenant are similar in a lot of ways. They are both low-interstellar theocratic empires made of several alien species. A key difference is that the Tau try diplomacy and religious conversion with every faction while the Covenant just invade and colonize or even exterminate entire species if they committed religious heresy. That means the Covenant will initially handle the Orks and Tyranids and Necrons and Dark Eldar way better than the Tau did but the Covenant will probably be on the receiving end of many curbstomp battles when they antagonize the Imperium. Still, I think they will survive as a faction but be weakened by alien and human attacks. As for the Tau vs UNSC conflict, assuming they even fight instead of the Tau trying diplomacy and indoctrination, the Tau should be a lot stronger than the UNSC in ground battles but I'm not sure how dominant they would be in space battles. There is also no telling how the Tau would handle a Flood outbreak that can potentially spell the doom for them beyond Flood/Tyranid comparisons.
As for the FTL travel speed. I am not an expert on either faction. All I know is that the Imperium of Man's FTL travel speed isn't the greatest and the Tau's travel speed is noted to be five times slower than the Imperium's travel speed.
I forgot to mention. The transplanted Tau are the current 42nd millennium version. The transplanted Covenant are from their height (probably early Halo 2 era).
Edit: I did some browsing on Spacebattles. According to the highest estimates by various users there. IOM's FTL Travel speed is 100,000c (cross the Milky Way Galaxy in a year) which makes the Tau's FTL speed 20,000c. The Covenant could travel up to 900 light years a day which is 328,725c. The UNSC seem to have a travel speed of 3 light years a day which is 1096c. So the UNSC is way slower than the Tau travel-wise is while the Covenant should be way faster than the Imperium, Orks, and Tyranids.