Animation shows two applications of same equalization:
the second application, via "Ctrl"+"R", (at 14.17 seconds), only takes 1/24th of the time of the first application
#1 The equalization window takes 3.2 seconds to appear after being selected from effect menu, (too slow).
#2 The first application of this equalization takes 4.3 seconds to render, (way too slow).
#3 The second application of same equalization, via "Ctrl"+"R", (at 14.17), takes 0.18 seconds , (that's more like it).
There should not be an ~24x difference in the time taken to apply the same equalization to the same track.
Something is slowing down the first application of the effect,
(the time taken for the effect selected from the menu to appear is also too slow).