Speed makes a huge difference, if you're tracing out a circuit with a continuity tester or checking all the diodes and transistors looking for one that is shorted you might be testing hundreds of parts, if there is a half second lag each time that adds up to a significant amount of time. Also a lag anywhere is just annoying, even a few tens of milliseconds is perceptible, if you push a button and it takes a moment for something to happen it is annoying and the tendency is to push it again or push it harder.