I just created a test instance with them and ran an open source project of mine. It runs just as fast as anywhere else, but compiling it takes 5 times as long. Investigating further to see if it's just something about my (weird) project.
Edit: ah pella posted a comment at the same time as me with details on just how slow the ARM CPU is: https://news.ycombinator.com/item?id=10161307. The benchmarks linked there are 15x slower on single-threaded workloads.