When asked about modern day performance, I would just say “I do not know”. Thing is that those muls, on modern CPUs, might be pipelined in parallel with the adds, so that, time wise, you would get them for free.
But of course, it might be possible to get that sqrt for free, too. Even if it takes 50 cycles, you might start one, do a few iterations without checking for ‘reached sqrt(n) yet’, and then start a loop testing for the limit.
If you really want to know for x_64, http://www.agner.org/optimize/ probably has the answers, but then, you would have to know the x86 instruction set, which is horrendous (compared to that 6502 or 68000). Even realising that there will be single, double and vector variants, the number of different instructions with ‘SQRT’ in their name I find in http://www.agner.org/optimize/instruction_tables.pdf is insane.
And of course, probably, something completely out of left field could well be the fastest way to do this (by a few ns, probably). For example, modern CPUs can count leading zeros in an integer. If that instruction is fast (for x86, that is not a given; ‘bit scan reverse’ was slow on some CPUs) subtract from 64/32/16, and halve, and you have a decent approximation to 2log(sqrt(n)) (using ‘if n has b bits, sqrt(n) has about b/2’)