See https://github.com/Wikia/app/pull/5799 : for some XML dumps, mx=4 is ten times faster than the default mx=5, for a negligible loss in compression.
I've tried passing the method with things like
php dumpBackup.php --current --output=7zip:'-mx3 3.7z'
but it seems wfEscapeShellArg() does its job. ;)