I wouldn't nest one multicam inside another, that's asking for trouble.
In your case I would either chop up the 2nd performance cuts as I suggested so that they're in sync with performance 1 -- OR: make a separate multicam for the 2nd performance and just cherry pick parts of it to include in your main edit. If they really are different then trying to edit them together may lead to madness!
As far as slowing down, multicam does make your computer work harder because it's tracking all camera streams at the same time. You also didnt't mention what kind of footage you're working with -- compressed codecs like H.264 are actually HARDER to cut with, so if you happen to have MP4s you're working with then that could be the issue. You can lower the playback resolution in the monitor or else make proxies.
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