I ended up switching to Zed after VS Code lost connection to my dev VM and locked up one too many times. I am not sure what the issue is- maybe the VM is just running out of memory and nuking the VSCode daemon? But either way, Zed has not had this problem at all.
I never had much problem with feeling VSCode was slow (outside of those lockups) but Zed surprised me by feeling actively fast. I do miss several extensions a lot though!