I feel like the lag might have been longer the first time I invoked it, compared to other times. Or I imagined that.
While it's great we can do it ourself, I do think if Keyboard Maestro rolled rounded corners out across the interface (Search By Name, Prompt with List) it could bring in a whole new crowd…! It'd be a game changer.
He's correct that after you bring it up once it is quicker, but still nowhere as instantaneous as I need (like alfred).
I tried an HTML prompt a while back as a replacement for pallets and found that several times it lagged almost a second before appearing, and when I'm trying to invoke it, then type some keys, it completely ruins the flow. Timing is everything for me w/keyboard shortcuts.