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.
{
public:
    std::string name;
    std::string purpose;
    CAddressBookData() : purpose("unknown") {}
    typedef std::map<std::string, std::string> StringMap;
    StringMap destdata;
};
struct CRecipient
{
    CScript scriptPubKey;
    CAmount nAmount;
    bool fSubtractFeeFromAmount;
};
typedef std::map<std::string, std::string> mapValue_t;
static inline void ReadOrderPos(int64_t& nOrderPos, mapValue_t& mapValue)