Significant Performance Degradation on Large File

Describe the bug
I have a couple of 120k lines YAML files which I edit on a daily basis. With recent updates (in the past month or even a couple of weeks ago), VS Code has become so laggy that the letter needs to catch up when I type, and moving lines up and down becomes a nightmare. Keystrokes also get swallowed from time to time which makes things unusable.

Turning the extension off seems to fix the issue, but I really don't want to. Also please note that this was never a problem with VS Code Vim until recently. I can reproduce it on both Windows and Mac machines. Tried fresh reinstallation, but it doesn't do anything.

To Reproduce
Steps to reproduce the behavior:

1. Open a large file with let's say 120k
2. Type quickly or try any basic line movement

Expected behavior
There shouldn't be any lag for basic operations and typing

Screenshots
With VS Code Vim ON

With VS Code Vim OFF

Environment (please complete the following information):

Version: 1.74.0-insider
Date: 2022-11-23T05:28:16.879Z
Electron: 19.1.3
Chromium: 102.0.5005.167
Node.js: 16.14.2
V8: 10.2.154.15-electron.0
OS: Darwin arm64 21.6.0
Sandboxed: Yes
VS Code Vim Version: v1.24.3

No files, tests, or entry points are named in the issue. First reproduce the lag with a 120k-line YAML file while toggling VS Code Vim, then compare typing and line movement with the extension enabled and disabled; done means basic operations no longer lag or swallow keystrokes.