Sorry to keep throwing cold water on your theories, but really, what does it matter? We're talking about a text editor here, a program with a person sitting in front of a keyboard typing and mousing around. Any speed differences in search & replace code is going to be utterly swamped by the time it takes to select a menu item. In other words, negligible.
I suppose it might be interesting just for curiosity's sake, but that's about it.