Neither, it's a GDK/DBPro implementation issue, and it's what Cloggy's plug-in/library was originally written to overcome.
What's happening is that whenever you change something that can affect the output of text (font, font size, bold, italic, colour), the GDK rebuilds its DirectX font. This, as you are finding, can be relatively slow.
Cloggy went the other way - rather than allowing the font details to change on the fly like the GDK does, you create a font and it never changes until you specifically delete it and recreate it, and if you did that, you'd find it's just as slow.
So, not a bug really, but a 'could try harder'
I'll make a note of it for future enhancements.