This is an observation and I haven't tried to quantify the performance loss, but it's a little more than anecdotal.
I shoot and compile videos of football games. To make the final version I add a running clock (minutes and seconds) and scores and team names. I use a pre made MP4 video of a running timer that I created from a Sharper Turtle video a few years ago in an earlier version of PD.
I wanted to improve the running timer so I started creating a new version, this involves multiple tracks, and will end up with nearly 8,000 one second clips, 800, ten second clips and 120 one minute clips, tedious but it works is infinitely customisable and once produced can be used in multiple ways. Basically just using copy and paste and minimal editing, it isn't hard just time consuming.
Currently I have created 50 minutes of the timer and the performance of PD2024 perpetual is awful, editing any of the one minute clips takes a long time and the display jumps as PD processes the change.
Much slower than PD19.