https://www.youtube.com/watch?v=fIV46rKefUs
Going by the speeds on the second straight, the difference is enormous between the Honda and the Mercedes engine. Vandoorne's Vmax is 292kph while Bottas is doing 312 while Vettel does a 302. Considering how close Vettel and Bottas were in their qualifying it tells me that the Ferrari is carrying quite a bit more downforce, because it's hard to have such a small gap with a 10kph difference at EOS. Then again Vandoorne probably could have shaved .3 to .4 seconds off his best lap as he went wide in turns 4 & 7 and didn't do too hot on the braking for turn 3. This is especially obvious if you compare Alonso's lap, which is just sublime
https://www.youtube.com/watch?v=JkiQBvM-oRk
The 20kph difference at EOS after turn 1 shows there's a clear difference in both engine and chassis performance. The chassis and power unit are both lacking, if the McLaren really had a monster chassis, they would not be 1.4 seconds back, they'd be closer to a second behind. Even if Honda matched Mercedes straight line speed with the same McLaren chassis they have now, they'd still be behind by at least .6 seconds
https://www.youtube.com/watch?v=NbDsFBsiW1Q
Here you see the downforce advantage Ferrari is carrying.
In short, both McLaren and Honda still have quite a ways to go to get on the pace.
For reference Verstappen did 300kph at EOS after turn 1
https://www.youtube.com/watch?v=f0EJNdSaODA