Here's a track I recorded the other day. The blue highlighted part is one downwind leg and through a gybe. The average speed below it is in MPH, so an average of 28.4 mph, or just under 25 knots. The protractor on it shows a gybe angle of 79.1 degrees.
So, sailing (79.1/2 = 39.55) degrees off the wind, we have a VMG of (cos 39.55 degrees) * 28.4 mph = 21.9mph, or 19 knots.
Ok, what was the wind doing? Here's the wind that day:
This track starts at 5:02 PM and the gybe above is 1 hour and 17 minutes into the track, making it 6:19PM. You can see from the wind graph that the wind was averaging about 9-12 knots at this time, with gusts to ~15 knots. This wind meter is right next to where this track was recorded. Maybe 500m away at most. It is accurate for this spot.
So yes, this was recorded on race gear, but that's not really the point, the point is that you can go downwind *faster than the wind* by sailing VMG angles. Your fastest downwind angles depend on keeping board speed high more than they depend on keeping angle low. This is fundamentally true even with freeride gear, even though your angles will be somewhat higher and speeds lower, it's still faster than just doing a bunch of kite loops straight downwind.
If you really want to sail straight downwind you will need to loop to keep the kite flying, but it's not fast.