bcrypt is constant-time, not because it truncates at 72 characters. It's constant-time, because it slurps the password and salt once into the state (initial setup), then spends the rest of the time manipulating that state based on the cost (expand key).
Yes, you could pre-hash with sha256crypt or sha512crypt, and that completely works around the password-length performance issue. You pre-hash with bcrypt to get around a maximum length restriction, not to get around a performance bottleneck.