Yes this Bode Function is quite good wrt ignoring unwanted signals, and employs a Frequency Selective capability where an effective narrow band filter is impressed upon the signals of interest.
Agree, it's somewhat slow, but acceptable. It's been mentioned before that Siglent might consider allowing the user to select the trade-off between capture Time and Rejection.
If you follow some of our posts, we've utilized this Bode Function for a number of applications from Closed Loop, Oscillators, Filters, Impedance Measurements, even investigating Injection Locking, very versatile and useful tool IMO.
Best