If you want to use emacs as a an alternative to VSCode, or IDE in general, you'll find high quality plugins that will enable you to do so. But then you might experience slow downs.
As emacs is single-threaded (people will come and tell me it's not anymore, I know, but in practice it still is) you'll feel any slow downs in those plugins. Emacs typing latency isn't great.
It's a mixed bag really. It can be fast, it can be slow. It's still my favorite editor.
Emacs has a certain feel to it. Hard to put the finger on, but the movement of the cursor and the scrolling, it just feels nice for me. Like a well worn favourite T-Shirt.
I'm not looking to encouragement to change (after 20 years in Vim that ship has likely sailed for good), I was just curious if the speed of Emacs lisp was a frequent bugbear.
But overall I'm a very happy emacs convert. It's extremely malleable and pleasant development environment and I think it definitely deserves all the gushing articles/posts its been receiving past few years.