Mysql 8.0.32 Point in time recovery very slow

After upgrading from Mysql 8.0.21-12 to 8.0.32-24 point in time recovery seems to go from about 6 hours to over 24 hours. This is basically just running a command similar to this: mysqlbinlog binlog.000001 binlog.000002 | mysql -u root -p
Is there anything introduced in mysql 8.0.32-24 that would cause this method to slow down so drastically?
The server this is being tested on is just a test server with no traffic.

Hello there,
Please check first if there is any config difference between Mysql 8.0.21-12 and 8.0.32-24.

Denis Subbota.
Managed Services, Percona.