Before giving up, and switching to FF, I tried the --disable-gpu --disable-software-rasterizer switches to disable the GPU process but that prevented videos from playing at full speed. Some people here mentioned Chrome runs great on their rigs with 16GB of RAM. But for the rest of the world, Google should force their devs to use Chrome on a machine with a mere 2GB.
How is it that sites like anandtech and investing.com run fine on my old iPhone 3GS, yet take up 256+ MB in Chrome, more RAM than the phone has? Somehow the 3 year old phone loads and displays the sites smooth as butter. Apple is doing something right or Google is doing something terribly wrong to webkit.