I did something similar in 1997 (!): http://home.wtal.de/ss/html/pnmtohtml/baby_032.html
What do you think?
Performance on the machines of the day was actually better than modern HTML5 stuff on modern hardware because the DOM was so much simpler and tuned toward performance. I could actually watch the little games I made using DIVs/LAYERs and pixel art images slow down during the 2000s as new browsers came out. It's only now, with quad core processors that they're back up to the speed they used to run on a Pentium.
(And yes, I do understand how the ubiquitous nature of the web actually makes this important... but I still find it funny!)