This part seems bit confused, I don't think `split_whitespace` does any allocations. I wish there were few intermediary steps here, e.g. going from &str and split_whitespace to &[u8] and split.
The tokenizer at that point is bit clunky, it is not really comparable to split_whitespace. The new tokenizer doesn't actually have any whitespace handling, it just assumes that every token is followed by exactly one whitespace. That alone might explain some of the speedup.