I'm getting major slowdowns and major regression using photometric lights. Here are some numbers and examples. The scene is a sample scene comparing a square patch and an 50W MR16 model with photometric lights. All cooked to 100spp.
Release 11.61min 65496TotS/s
Precise 35.96min 21179TotS/s
Sloppy 35.91min 21210TotS/s
Release, Sensitivity:50, Exposure:1/125, Fstop:2.8, Gamma:2.2
Precise, Sensitivity:50, Exposure:1/125, Fstop:2.8, Gamma:2.2
Sloppy, Sensitivity:50, Exposure:1/125, Fstop:2.8, Gamma:2.2
Sloppy, Sensitivity:20, Exposure:1/1000, Fstop:11, Gamma:2.2
Release, Sensitivity:20, Exposure:1/1000, Fstop:11, Gamma:2.2
Here is the scene and the photometric data files.