Why on earth would you configure your swap file on a network path?!
Better to configure the databse to allocate less than the available system memory and refuse writes when it's out of free memory.
Of course, due to Windows no-overcommit policy, it's better to have a large page file almost always. That ensures your RAM is going to be used efficiently and not as a simple backing store that's never actually referenced.
Our enterprise databases store the data on high-performance SAN devices, and these are not slow. We moved from local spinning-rust drives to SAN SSDs, and our performance improved.