Thanks for all your help, I was able to finally get through to someone at CA that was able to resolve the issue for me. Here is the solution for your reference.
There was a registry change that he made at the server:
[HKLM]Software\Wow6432Node\ComputerAssociates\CA ARCServe Backup\Base\Task\Remote
Changed the WSRcvdBuffSize value from 1 to 0
This resolved my throughput issue on the Exchange database from 1.xx MB/Min to 800+ MB/Min
Thanks for all your help and responses, hope this solution helps someone else