I did this LUKS1 encrypted boot partition thing on a relatively recent laptop, and GRUB takes about 25 seconds to validate the passphrase. Once it loads the initrd, the early kernel environment validates the the root volume passphrase in about 2 seconds, presumably because it's using an optimized implementation that's available in the kernel but not in GRUB...
Right now I wouldn't recommend doing this unless you have a really good reason for encrypting the boot partition. Most people will be better off having an unencrypted boot and enabling secure boot with your own platform key instead.