You will be able to disable v8.
While writing out a (kinda silly) benchmark a while ago, it struck me that, while Python's compiler is rather slow, Lua's has very little impact on the overall runtime. Between that and the lack of weird corner cases in the grammar, I'm reasonably comfortable doing string-eval metaprogramming in Lua, something I would never do in Python.
Benchmark (http://news.ycombinator.com/item?id=1800396) and commentary (http://news.ycombinator.com/item?id=1804166).