But yeah, for what KDE is capable off, especially in comparison to GNOME or the Windows-world, it's actually incredibly lightweight.
I run it on a 4 year old mid-range laptop with 4 GB of RAM, Intel HD Graphics 4000, and as long as my system isn't under heavy load, it's buttery smooth, even with many of the bells and whistles enabled.
It is a desktop environment, not a 3D game. It should ALWAYS be buttery smooth. You can run a desktop environment on a 20 year old machine.
Why do I need to disable a filesystem indexer by default that slows the system to a crawl?
As far as I'm aware, that's considered a thing of the past. I haven't seen it recommended for any recent version anywhere and at least for me, it runs perfectly fine without disabling it.
I also only have one kwallet daemon running right now.
That's on Plasma 5.8.