Quoting andersvi@extern.uio.no:
Maybe its useful to mention the cpu-types. The fast one - 2.8GHz giving sluggish performance - is a Pentium 4. The "slow" one running at ~1.4GHz is an Athlon.
Yes, this is almost certainly a denormal problem. P4s are terrible for that. Tim B and I went around and around a few times on this issue. He gave some fantastic advice, the gist of which is that you have to recompile PD and *all* externals with some denormal-busting flags. Check the list for "denormal" and my and Tim's names, and you'll find the conversation. Incidentally, I never did get my thing fixed. My P4 was too early to support these flags. But yours is probably a lot newer, so there's hope.
good luck, d.