Performing the following (note the range of 10,000):

`importmulti '[{"desc": "sh(wpkh([aeee1e6a/49h/1h/0h]tpubDC5bVdaveQYxGFztMShFAjU637kKjrs9FD8ne1oHR7z8tLeQJExsaxWRVeSpcCcYMdp5ecf2LQhuVaeYFZ7YEpvWTJr4nDGUJrmuvLuTSsp/1/*))", "keypool": true, "timestamp": "now", "watchonly": true, "internal": true, "range": {"end": 1000}}]' '{"rescan": false}'`

takes many minutes. @achow101 reports a similar import taking 6 minutes on his machine.
for (std::set<CTxDestination> _grouping : groupings)
    {
        
        std::set< std::set<CTxDestination>* > hits;
        std::map< CTxDestination, std::set<CTxDestination>* >::iterator it;
        for (const CTxDestination& address : _grouping)
            if ((it = setmap.find(address)) != setmap.end())
                hits.insert((*it).second);
        
        std::set<CTxDestination>* merged = new std::set<CTxDestination>(_grouping);
        for (std::set<CTxDestination>* hit : hits)
        {
            merged->insert(hit->begin(), hit->end());
            uniqueGroupings.erase(hit);
            delete hit;
        }
        uniqueGroupings.insert(merged);
        
        for (const CTxDestination& element : *merged)
            setmap[element] = merged;
    }
    std::set< std::set<CTxDestination> > ret;
    for (const std::set<CTxDestination>* uniqueGrouping : uniqueGroupings)
    {
        ret.insert(*uniqueGrouping);
        delete uniqueGrouping;
    }
    return ret;
}
std::set<CTxDestination> CWallet::GetLabelAddresses(const std::string& label) const