in reply to Re^2: $& as a read-only value
in thread $& as a read-only value

I'd not call it grind its performance to a halt.

The terminology might not be exact in terms of actual performance, but I found that phrase to leave an adequate impression every time the match variable and its kin appear in someone's code.

You might say its fear mongering (and you might be right), but I'd rather exaggerate now, and debate facts after the usage of the match variables has been abolished (another strong word).

Stop saying 'script'. Stop saying 'line-noise'.
We have nothing to lose but our metaphors.