For those looking for a minimal VT100 terminal emulator without the legacy baggage of Xterm, I highly recommend checking out Suckless Software’s st: https://st.suckless.org/
https://danluu.com/term-latency/https://danluu.com/term-late...
All that said I currently use Alacritty because benchmarks are not everything and I much prefer Alacritty's font rendering (aside from missing ligature support).
https://danluu.com/term-latency/
:)