i cant say exactly but i would say either would work, and prob a single xeon would work as there based off the first gen i7s. The clock speed shouldnt be a problem. I currently have a dual x5450 lga 771 server running my media library, but have yet to throw plex on it. But in some cpu benchmarks, dual quad cores @3 ghz is near a stock clocked 2600k in multithreaded loads, but i bet that it is not truley scaled across other platforms.
https://support.plex.tv/hc/en-us/articles/201774043-What-kind-of-CPU-do-I-need-for-my-Server-computer- Plex basic requirements, so i would assume the more cores the better, and seems the clock speed isnt a problem as there both near 1.8 and 2.4 on their recommendations.
Comes down to price, as im guessing the dual xeon setup is cheaper than building out a whole new system? My server is a old Poweredge 2900 that my brothers work was throwing out, and upgraded to the dual cpus for like $60 for the pair. But the higher end lga 1366 xeons i can see being more expensive used than quad core 771, to get past the 3 ghz mark is about $120 a cpu. again not sure on ur pricing of the system, but even a basic 1150 build would run at least $600 ish matters on the quality of the components. You could go with a new xeon 1231 v3, but that is stuck at 3.4ghz but is massively cheaper than the 4790k