I have copied another forum's post from the founder of HE Pros and Sprints:
"...Most sim pedals, hydraulic or loadcell, get 90% of their feel from compressing rubber bushings though. This is of course very different to a real racing car where you'd hope your tubing, calipers and pads are not made of rubber..
Most sim pedals have a force leverage of perhaps 2:1 or 4:1 depending on their geometry. So 2mm of pedal movement results in 1mm of rubber compression.
Racing cars can have a 100:1 ratio of movement, because you also need to amplify the forces 100:1 to slow down a racing car without superhuman strength.
Once you have a 100:1 movement ratio, it only takes 1mm of flex in the total system consisting of some play / slop, caliper flex, hose expansion and even, yes, fluid compression, to get a 100mm long brake pedal.
So any sim pedal regardless of its sensor type will always be very different to real racing brakes.
However, you can argue that most of this travel in a real race car brake is from elastic expansion / compression, so it mostly acts like a spring, with perhaps a slight damping element.
These are exactly the properties of rubber bushes, mainly spring with a bit of damping. Hence most high end sim pedals, hydraulic or loadcell, use some or other form of rubber for their main 'feel' component.
Real brakes are super variable though, just the combinations of pedal box, type of master cylinders, installation flex, tubing used, caliper flex, pad material.. I bet these can all affect the travel and feel so much! You can install two different combinations of parts in a Formula 3 car and I bet if you were blindfolded you wouldn't believe you were in the same car.
I'm not saying that hydraulic or loadcell are exactly the same, but loadcell and hydraulic sim pedals are much closer related to each other than to real race car pedals.."