Incognito mode also disables many add ons like java, shockwave and cookie settings to name a few. All of these could have something to do with a browser running slower.
So this points more to that browsers other settings or extensions being corrupt.
One thing to also try is disabling each addon or extension one at a time and restarting the browser to see any effects. If there's a noticeable diff then the last one disabled could be the culprit.
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