I'm not quite sure what you want to say in your question, but I would like to mention some points.
We consider $x$ and $y$ are non-negative.
$$x+y\ge 2\sqrt {xy}$$
That is correct. We say that the equality occurs iff (or if and only if) when $x=y$. We doesn't say $\min \{x+y\}=2\sqrt {xy}$. The argument is simple: Because, $xy$ is not a constant.
$$\frac x3+\frac x3+\frac x3+y≥4\sqrt [4]{\frac {x^3y}{27}}$$
The same can be said for the second inequality. We say that the equality occurs iff when $x=3y$. We doesn't say $\min \{x+y\}=4\sqrt [4]{\frac {x^3y}{27}}$. Because, $\frac {x^3y}{27}$ is not a constant.
In other words, the inequalities $$x+y≥ 2\sqrt {xy}$$ or $$x+y\ge 4\sqrt [4]{\frac {x^3y}{27}}$$ are both valid and true.
Which inequality to use will depend on what is intended.
Finally, consider the following exact example:
Let, $x\ge 0$ then what is the minimum value of $\dfrac 2x +x^2$ ?
If you apply the AM-GM inequality directly, you will get
$$\frac 2x +x^2\ge 2\sqrt {2x}$$
This inequality is always true and equality occurs iff $x=\sqrt [3]{2}$, however the right-hand side (RHS) is not a constant.
Now, let's apply the AM-GM inequality in a different way:
$$
\begin{aligned}\frac 2x+x^2&=\frac 1x+\frac 1x +x^2\\
&\ge 3\sqrt[3]{\frac 1{x^2}\times x^2}\\
&=3.\end{aligned}
$$
You can observe that the result we want to achieve is exactly this and equality occurs iff when $x=1$.