That's certainly true, for the original problem. I was intending to refute the statement "because one and only one vector will map to the same hash value", but I didn't take the rest of the thread into context. (I corrected the node accordingly.)
However, you needn't compare each X fully against each Y either, either. Just like your Bloom filter project a while ago, there may be ways to transform the problem so we don't have to explicitly compare vectors against each other. I've been working a bit on one, but I haven't posted it because the performance is currently worse than direct comparisons, and most of the changes I make to it slow it down even further.
When your only tool is a hammer, all problems look like your thumb.