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.
{
    {
        LOCK(cs_wallet);
        std::map<uint256, CWalletTx>::const_iterator mi = mapWallet.find(txin.prevout.hash);
        if (mi != mapWallet.end())
        {
            const CWalletTx& prev = (*mi).second;
            if (txin.prevout.n < prev.tx->vout.size())
                if (IsMine(prev.tx->vout[txin.prevout.n]) & filter)
                    return prev.tx->vout[txin.prevout.n].nValue;
        }
    }
    return 0;
}
isminetype CWallet::IsMine(const CTxOut& txout) const
{
    return ::IsMine(*this, txout.scriptPubKey);
}
CAmount CWallet::GetCredit(const CTxOut& txout, const isminefilter& filter) const