Of course, it doesn't make much sense to run your IDE at +60FPS. Squeak usually throttles the frame rate, and then the performance cliffs are harder to notice.
Nonetheless, the GraalVM team is very much aware of these problems and is actively working on them. We are only the first to visualize this in the form of an IDE. A couple of GraalVM releases ago, they introduced libgraal [1], which improved compilation times significantly. One idea to make this even better is to persist compiled code from the JIT, so that it can be reused the next time you run the program/IDE. Morphic, Squeak's UI framework, is unlikely to change and could be warmed up in advance.
[1] https://medium.com/graalvm/libgraal-graalvm-compiler-as-a-pr...