The blog entry Revisiting the Intel 432[0] and the cited paper Performance Effects of Architectural
Complexity in the Intel 432[1] discuss the compiler issues.
I do recall some discussion about combination of really bad code generation combined with some ridiculously bad design decisions (I think it might have been total lack of cache?)
All I know is the Wikipedia article references a crappy Ada compiler whose lack of optimization made it run slower than a 286: