It is true that there are many people who have a big and awkward hand luggage or who need a very long time to recover their luggage from overhead.
There are also many other people who are able to recover their hand luggage from the overhead in less than a second and in much less time than most other passengers are able to just stand up.
I do not see why such passengers should be penalized, even if they would certainly not slow down the evacuation. Losing the documents and data from the hand luggage may cause very serious problems that could need many months of work for solving and passing through many unpleasant experiences until then.
The only argument against this that is correct, is that like in every other domain people would self-assess their own abilities too optimistically, so even those who are slow would believe that they can retrieve their luggage fast enough to not hinder the evacuation, but then they would be proven wrong.
Perhaps the passengers should pass a test of hand luggage retrieval speed, before the flight, in order to be pre-approved for keeping their hand luggage in the case of an emergency landing :-)