Many thanks for the excellent explanation of preview generation. I checked my system and none of the options you mentioned are enabled however.
On my system, many of the photos are stored on physical disks and it seems that Lightroom is attempting to prebuild so many previews that the hard disk is struggling to service the IO for the currently selected photo . I can often see very high IO response times of over 200ms against the RAW file of the currently selected image. .This often results in having to wait 10-15 seconds overall for an image to 'load' and zoom in on the screen. My CPU and graphics card dont appear to be breaking sweat whilst this delay is occurring.
So , in absence of a way to limit Lightooms prebuild/prefetch of previews, I will focus on the disk performance. I know that my system did a large Windows update shortly before I upgraded Lightoom and there may be something in the update which is slowing the disk. Failing that, i will move the folders that I am likely to use onto SSD/NVME.
Thanks again for your help.
On my system, many of the photos are stored on physical disks…
By @kevin23304382mry0
Do you mean hard disks specifically (not SSDs)? Maybe that is the bottleneck, although many have reported that fast hard disks have been OK for storage of originals. I suppose it could be a bottleneck if it was trying to access multiple files on the same hard disk at the same time.
Many of my originals are now stored on a high capacity SATA SSD and I don’t seem to have a problem, but of course if you are moving onto NVMe SSDs that will be even faster.