Check out http://mattmahoney.net/dc/text.html . The top BWT performer is #22. What it comes down to is the way the BWT output is transformed and entropy-coded afterwards, and various other tricks.
bzip2 only does very basic MTF transformation and Huffman coding, which are not very bit efficient.
bzip2 only does very basic MTF transformation and Huffman coding, which are not very bit efficient.