The authors talk a lot about how fast the compiler is. It doesn't matter if the compiler is fast if the generated code is slow.
One can imagine modifying the compiler to output llvm bitcode. You now can throw plenty of optimisation at it for free (but you are now slower to compile). This may be useful for prod but I claim a lot of the time it’s still useful for dev to have a simple very very fast compiler. Think less about the time to build one file and more of the time to rebuild your entire tree (or just a file which many things depend on)
If you look at the FAQ, you'll see they can do exactly that but using gcc/Clang, not LLVM.
In the future V will have its own optimiser.