Hi Jonny,
glad you find our 3dtools materials great, makes me happy:)
for bringing them into the scene, they do not take 5 min usually, typically a few seconds, I use them myself daily for our render jobs.
What can cause this is are wrong set, or too many not ideal file search paths in your c4d file search preferences. This is not related to Corona or the mat libraries.
as they are hundreds of materials per bundle, use them best via the c4d browser, then you have them instant, with nice previews, and import only the ones needed in your scene (important all materials at once might indeed take some time as they are 8k and many).
you can contact me for help if you want. c4d corona is working fast/normal with materials, but c4d is delicate and can get slow if it not finds textures right away or has paths setup issues, of course also where the textures are saved etc, disc speed and so on.
best greetings
Stefan