Even if it shouldn’t, does it really matter? If you can’t change it, regardless the reasons, and getting an SSD is a fairly cheap/simple solution, then why wouldn’t you just get an SSD? Nobrainer.

Seek time on HDD is about 10ms for single IO, so it looks reasonable.

Good news: Windows 11 simplifies context menu explorer. It won't show customized menu item by default.

It's reasonable for it to take more than 10ms. It's not reasonable for it to take many seconds.

Bad news (for devs), it is still COM based.