The one problem with LLVM is that it’s not very well suited to JIT compilers, a major component of which is its slowness.
Absolutely correct that LLVM is a fair amount slower than C1 or C2. Azul augmented our JITs with a compilation recording & replay mechanism to combat the general start-up problems posed by JITs (including Falcon).
For those who are curious, here's my presentation on the topic: https://2018.jpoint.ru/en/talks/63npsyjpokmukqsag80oia/.