There is a noticeable delay after moving the mouse while panning the map. After making a comparison with Open Street Maps and a local provider, it seems that the local provider is slightly slower than the OSM provider. Please refer to the attached gif file.
After profiling the project, it seems that Image.FromFile for loading the required tile takes most of the time:
With the OSM the tile is loaded by using Image.FromStream and it takes 3 times less time: