Have you compiled the Linux kernel before? I doubt Rust will be the bottleneck, it's a massive project - a tiny fraction being in Rust will be a blip.
2. A relatively small portion of code can account for the majority of exploited vulnerabilities.
3. Nothing about Rust is fundamentally slow with regards to compile times. There's plenty of time to work on it, and we've already seen significant efforts make headway.
Compile times are a nonissue in any practical sense for this work.