Slow in the same way that the conservative stack scanning was bound to leak. I did actually run Emacs with it after experience elsewhere.
Edit: I wonder how Boehm is somehow "most conservative", compared with, say, the Memory Pool System which I'd also look at these days but wasn't an option then.
I think it's an option, but I admit not one I was aware of. AFAIK the MP is a framework, and this is an option not the only way... but still, you're again!