The key difference is that your PRNG could be cryptographically secure even though X < Y. It turns out that Y ≈ 226 bits, and so it's plausible that your cryptographically secure RNG would have X = 128 bits, for example, even though I'd typically expect a larger number.
People often conflate entropy with security. A random number source could have high amounts of entropy and be insecure, while a random number source with less entropy could be very secure. Or let me put it this way: entropy is necessary but not sufficient for security.