It takes minimum 1 second to load a file from the content of a SCORM package. Like this, if a SCO contains a html file with 60 small images, it would take at least 60 seconds to load the page. 60 seconds is generaly unacceptable for loading a single web page.
The reason why a SCORM package content file takes at least a second of processing at 100% server cpu load: The file.php script used for getting files from the Moodle data directory to the user is a script including a collection of scripts with together thousands of lines of code.
Possible solution: A SCORM package file parser script faster than file.php, added to the SCORM module especially for loading SCORM files. VDAB ( http://vdab.be ) is working on this solution.