The naming is unfortunate, but JuliaInterpreter is not the built-in one but a separate package for use in external tooling. The built-in one can be run globally

The naming is unfortunate, but JuliaInterpreter is not the built-in one but a separate package for use in external tooling. The built-in one can be run globally via the --compile=min CLI flag. Likewise, you can also pass -O0 to -O3 to configure the level of optimization (which, predictably, affects latency). As for IR representation, I'm not aware of any limitations of the IR (remember, there are multiple levels) over a LuaJIT-style bytecode for interpretation performance. After all, the Futamura projections tell us that a compiler is really an interpreter that's undergone some partial application. Of course, that's a theoretical correspondence that has little bearing on real-world performance, but I don't think you can confidently say that Julia's lowered or unlowered IR forms are fundamentally bad for fast interpretation.