Yes, ~10 years ago.
Options that would solve a users problems often go unused leaving the user with a negative opinion.
Maybe as part of first run it ought to set a default useful based on current performance.
It might also be worthwhile to think about how it degrades under pressure. Is it possible to notice frames dropped or delayed and degrade more gracefully.
Given how NVIDIA drivers are installed, the first run may not be representative. First run for each new xorg config maybe. But that could lead to random changes in behaviour as well on updates.
I think I found what was causing your performance problems. I'm running KDE Plasma 5.16.5 / Ubuntu 19.10 on an old 3rd gen core-i5 (i5-2520M) and it's crazy fast. It's performance has been on par with light DE's I've tested like Budgie, beats Gnome3 and just crushes Windows on this laptop. I even turned compositing on just for the extra effects (I like my wobbly windows) and it still outperforms Gnome 3 and Windows.
The animations aren’t because of QT, but KDE itself