The Legacy Public folder sync is pretty slow, about 80 MB/h during development testing. It would be less in any real environment due to additional throttling and resource utilization.
New type of Public Folders Synchronization Job to Microsoft Office 365 is available from Migration Manager for Exchange 81.14 Update 20190711EX
Quest Development team has revamped the Public folder synchronization agent with Migration Agent for Exchange (MAgE) combined with enhanced MMEx PowerShell module instead of legacy agents in migration scenarios from Microsoft Exchange 2010/2013/2016 to Microsoft Office 365. This approach has lots of benefits including significantly increased performance.
Detailed instructions on how to prepare environment and configure synchronization for such migration scenario are provided in the Public Folder Synchronization (MAgE) document.
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