Yes, @swinggraphics, the indexing takes more time and space, mainly because WPFTS uses the TF-IDF principle that is different from the one used in Relevanssi. However, 300 pages for 15 minutes sounds a bit long for me. Anyway, it’s a one-time task and you don’t need to rebuild the index too often (hopefully never) after the configuration of the wpfts_index_post hook.
We are still working on optimizations, anyway. And in the nearest future, it will be possible to reindex only a touching set of posts (for example, only one post_type post, etc).
Thanks for your notice, it’s important to make more quality product.