Has anyone been experiencing terrible performance on their M1 Max?

Granted it is a complex doc, but I've created away more complex illustrations without such an issue. 

I'm creating a book cover with a PS doc as background. I have text with 4 drop shadows that is painfully slow, like 1990 mac slow to edit! Not a big deal, just for every edit I have to wait 15-30 seconds for it to render to screen, sometimes the render has multiple maligned layers that don't exist. In order to view my changes, I have to zoom out and back. Annoying as hell!