Got an interesting outcome searching for Diana within a large sequence of a simple reference type having a single string property.
using System;
using System.Collections.Generic;
using System.Linq;
public class Customer{
public string Name {get;set;}
}
Stopwatch watch = new Stopwatch();
const string diana = "Diana";
while (Console.ReadKey().Key != ConsoleKey.Escape)
{
//Armour with 1000k++ customers. Wow, should be a product with a great success! :)
var customers = (from i in Enumerable.Range(0, 1000000)
select new Customer
{
Name = Guid.NewGuid().ToString()
}).ToList();
customers.Insert(999000, new Customer { Name = diana }); // Putting Diana at the end :)
//1. System.Linq.Enumerable.DefaultOrFirst()
watch.Restart();
customers.FirstOrDefault(c => c.Name == diana);
watch.Stop();
Console.WriteLine("Diana was found in {0} ms with System.Linq.Enumerable.FirstOrDefault().", watch.ElapsedMilliseconds);
//2. System.Collections.Generic.List<T>.Find()
watch.Restart();
customers.Find(c => c.Name == diana);
watch.Stop();
Console.WriteLine("Diana was found in {0} ms with System.Collections.Generic.List<T>.Find().", watch.ElapsedMilliseconds);
}

Is this because of no Enumerator overhead in List.Find() or this plus maybe something else?
Find() runs almost as twice as faster, hoping .Net team will not mark it Obsolete in the future.
I was able to mimic your results so I decompiled your program and there is a difference between
FindandFirstOrDefault.First off here is the decompiled program. I made your data object an anonmyous data item just for compilation
The key thing to notice here is that
FirstOrDefaultis called onEnumerablewhereasFindis called as a method on the source list.So, what is find doing? This is the decompiled
FindmethodSo it’s iterating over an array of items which makes sense, since a list is a wrapper on an array.
However,
FirstOrDefault, on theEnumerableclass, usesforeachto iterate the items. This uses an iterator to the list and move next. I think what you are seeing is the overhead of the iteratorForeach is just syntatic sugar on using the enumerable pattern. Look at this image
I clicked on foreach to see what it’s doing and you can see dotpeek wants to take me to the enumerator/current/next implementations which makes sense.
Other than that they are basically the same (testing the passed in predicate to see if an item is what you want)