There's a mis-match, the output from the blending valve is almost 60Deg - but the water through the manifold is around 48Deg - so one stat isn't reading correctly. Needs to understand what the flow temp actually is, may need a IR thermostat to check. If it's 454 then the manifold won't be that hot to touch, if it's 60 then it should be but the blending valve certainly should be up at max.
As suggested, if both those flows are feeding one room then you need to balance the flows and set them both @ 2.5L/min to start with. What length are the pipe runs, do you know? I would suggest the pump may also be too high, you want that set to constant pressure - which it looks like it may be - and set it to auto, then set the flow meters to 2.5 L/min.
Your temp drop is within range whereby the floor should be outputting as per design.
The issue I see here is that UFH in screed can't just be turned on and and then expecting the slab to heat up quickly, the slab takes at least 2-3 hours to become thermally efficient, then the CH system is left to maintain the temp in the slab, controlling the heat via the stats. This is the most efficient way to use UFH in screed. The more you switch it off and the mass cools down, the more energy it needs to warm it back up again and that's all cost.