I think we must first understand the description of a machine and the input size, so that the comparison is of only valid objects.
Let say N is a input size. This means machines will have these resource bounds.
\begin{array}{|l|l|l|}
\hline
\mbox{Resource} & \mbox{Finite Automata:}\quad \mathcal{A} & \mbox{LBTM:} \quad \mathcal{M}\\
\hline
\mbox{Input Tape Size} & O(N) & O(N)\\
\mbox{Tape Operations} & \mbox{Read Only}& \mbox{Read, Write}\\
\mbox{Tape Movement} & \mbox{Left to right, One pass only}& \mbox{Both directions, No pass limit}\\
\mbox{# of Locations (States)} & M & M\\
\mbox{Input Alphabet} & \Sigma & \Sigma\\
\mbox{Acceptance Condition} & \mbox{Reach finite location: }\ell_f & \mbox{Reach finite location: }\ell_f\\
\hline
\end{array}
Now, here $\mathcal{M}$ is more expressive than $\mathcal{A}$. That's simply because tape movement and restrictions are limited for $\mathcal{A}$.
Now let's make an invalid comparison.
\begin{array}{|l|l|l|}
\hline
\mbox{Resource} & \mbox{Finite Automata:}\quad \mathcal{A'} & \mbox{LBTM:} \quad \mathcal{M}\\
\hline
\mbox{Input Tape Size} & O(N) & O(N)\\
\mbox{Tape Operations} & \mbox{Read Only}& \mbox{Read, Write}\\
\mbox{Tape Movement} & \mbox{Left to right, One pass only}& \mbox{Both directions, No pass limit}\\
\mbox{# of Locations (States)} & M \times 2^N & M\\
\mbox{Input Alphabet} & \Sigma & \Sigma\\
\mbox{Acceptance Condition} & \mbox{Reach finite location: }\ell'_f & \mbox{Reach finite location: }\ell_f\\
\hline
\end{array}
Here $\mathcal{A}'$ and $\mathcal{M}$ have same expressive power. But, note that the size of $\mathcal{A}'$ depends on input $N$ in exponential manner.
Earlier size of $\mathcal{A}$ did not depend on $N$.
This means for every input to $\mathcal{M}$, you will need to generate new FA, even though $\mathcal{M}$ remains unchanged.