The main driver is in (https://github.com/titzer/virgil/blob/master/rt/native/Nativ... the rest of the code in the directory implements the decoding of metadata.
I think frame pointers only make sense if frames are dynamically-sized (i.e. have stack allocation of data). Otherwise it seems weird to me that a dynamic mechanism is used when a static mechanism would suffice; mostly because no one agreed on an ABI for the metadata encoding, or an unwind routine.
I believe the 1-2% measurement number. That's in the same ballpark as pervasive checks for array bounds checks. It's weird that the odd debugging and profiling task gets special pleading for a 1% cost but adding a layer of security gets the finger. Very bizarre priorities.