expo: [expo-image] considerable slower than RN Image

Minimal reproducible example

https://github.com/RRaideRR/expo-image-slow

Summary

I have a view inside my app where I display GIFs. For Android, using the Image component from React Native is a lot faster rendering these media files. With expo-image, it will take (on my Android phone) around 5 seconds before the screen comes into view (see attached video).

Notes:

• after successfully rendering the expo-image screen for the first time, the next opening of the screen is super fast.
• its also super slow when displaying the same media files in webp format.

The github repro also contains a build of the sample app build-1680256008378.apk.

https://user-images.githubusercontent.com/3411292/229103707-bd0eb848-94c5-4843-919b-6962bb7c34e8.mp4

Environment

  expo-env-info 1.0.5 environment info:
    System:
      OS: macOS 13.3
      Shell: 5.9 - /bin/zsh
    Binaries:
      Node: 18.15.0 - ~/.nvm/versions/node/v18.15.0/bin/node
      Yarn: 1.22.19 - ~/.yarn/bin/yarn
      npm: 9.5.0 - ~/.nvm/versions/node/v18.15.0/bin/npm
      Watchman: 2023.03.06.00 - /opt/homebrew/bin/watchman
    Managers:
      CocoaPods: 1.12.0 - /opt/homebrew/bin/pod
    SDKs:
      iOS SDK:
        Platforms: DriverKit 22.2, iOS 16.2, macOS 13.1, tvOS 16.1, watchOS 9.1
    IDEs:
      Android Studio: 2022.1 AI-221.6008.13.2211.9619390
      Xcode: 14.2/14C18 - /usr/bin/xcodebuild
    npmPackages:
      expo: ~48.0.9 => 48.0.9 
      react: 18.2.0 => 18.2.0 
      react-native: 0.71.4 => 0.71.4 
    npmGlobalPackages:
      eas-cli: 3.8.1
    Expo Workflow: bare