The difference is most likely due to configuration of innoDB, which takes a bit more tweaking than myISAM. The idea of innoDB is to keep most of your data in memory, and flushing/reading to disk only when you have a few spare cpu cycles.
should you even bother with InnoDB is a really good question. If you're going to keep using MySQL, it's highly recommended you get some experience with InnoDB. But if you're doing a quick-and-dirty job for a database that won't see a lot of traffic and not worried about scale, then the ease of MyISAM may just be a win for you. InnoDB can be overkill in many instances where someone just wants a simple database.
but many of my tables will not be updated
You can still get a performance lift from InnoDB if you are doing 99% reading. If you configure your buffer pool size to hold your entire database in memory, InnoDB will NEVER have to go to disk to get your data, even if it misses the mysql query cache.
In MyISAM, there is a good chance you have to read the row from disk, and you're leaving the operating system to do the caching and optimization for you.
innodb-buffer-pool-size
My first guess is to check innodb_buffer_pool_size which ships out of the box set to 8M. It's recommended to have this around 80% of your total memory. Once you hit that limit, innodb performance will drop significantly because it needs to flush something out of the buffer to make room for the new data, which can be expensive
autocommit=0
Also, make sure autocommit is turned off while you load your table, or flushing will happen on every insert. You can turn it back on after you're done, and it's a client-side setting. very safe.
Loading tables typically happens once
Think about if you really want to tune your database to accommodate "inserting 17million rows". How often do you do this? MyISAM might be quicker in this instance, but when you have 100 concurrent connections all reading and modifying this table at the same time, you'll find a well-tuned innoDB will win and MyISAM will choke on table locks.
How MyISAM sees this operation
MyISAM will be very good at this without any tuning, because under the covers, you're simply appending each row to a file (and updating an index). Your OS and disk caching will handle all those performance problems.
How InnoDB sees this operation
Innodb will know the table needs a write, so it throws the row into the insert buffer.
You give it no time before the next insert, so innoDB has no time to deal with the buffer, it runs out of room and is forced to 'hold up' the insert while it writes to the buffer pool and updates indexes.
Next, your buffer pool fills up, and innoDB is forced to 'hold up' the insert and flush some page out of the buffer pool to disk.
And you keep throwing inserts at it like crazy.
Note that when you do tune InnoDB to give you a MySQL> prompt very fast after you do this, InnoDB will still be scrambling underneath the covers to catch up in it's spare time, but will be willing to execute a new transaction for you.
MUST READ:
http://www.mysqlperformanceblog.com/2007/11/01/innodb-performance-optimization-basics/
http://dev.mysql.com/doc/refman/5.0/en/innodb-tuning.html (see bulk data loading tips)
