I’m using a Duo X, so it has more CPU power, but I’ve used it for techno remix type effects that can be used live. Because it’s for live use, I never let the CPU go above 60%, and there is a ton of stuff I can do with that limitation. I think even with the Dwarf you could have a lot of fun before CPU becomes an issue.
I would recommend looking at stuff like this:
You can use a delay, and set a button to ‘hold’ the delay for loopy type stuff.
This has amazing stutter effects which you can sync up to BPM.
Not sure why this is still in Beta, it’s an amazing looper, and can be setup with very intuitve controls.
Anyway, I use like 20+ plug-ins on a regular basis, and do not have issues.
My approach to pedalboards is “make it till you break it”