When the pages are first accessed, the file data is paged in, and yes, this will be a blocking operation. One way to mitigate this would be to force the data to be paged in using a background thread, so that the pages are live by the time Core Animation needs those bytes to render the layer. This page preheating isn't usually necessary for small images, which is the primary use case for FIC.

FIC really pays off in a scenario like Path's mobile app. We have many, many small-to-medium-size user images to display, and those images are competing for CPU time with all of the styled text labels we're drawing. The less CPU we have to devote to images, the faster we'll be able to scroll.