Currently we have option 'Use TTF font cache' which allow to speed up the vectorization process.
Talking about the rendering performance - some speed up can be reached if it is possible to put as much text as it possible to the one entity.
Also our OdTvGsDevice have option "EnableMultithread", which in your case will significanly speed up the vectorization process (it is different option in comparison with the similar option for the DWG to VSF import).