What you describe is a specific menu-bar responsiveness problem, not a general problem with your Mac being slow.
You have a Mac Studio with an M3 Ultra, 96 GB of RAM, and more than 500 GB of free storage, and this was the only function you observed running slowly.
After upgrading to macOS 27, clicking a menu-bar item could take about 1–2 seconds before the menu appeared. If you moved the pointer during that delay, a different menu could open.
You first observed the problem after upgrading to macOS 27. Apple Support initially attributed it to Spotlight indexing and advised you to allow time for indexing to complete. You did so, but the problem remained. You subsequently tested Safe Mode, reinstalled macOS, tried another user account, removed login items and extensions, and worked through additional troubleshooting with Apple Support over several days. None of those steps resolved the problem.
You eventually erased the Mac and performed a clean installation. After that, the menu-bar delay was no longer present.
This distinction is important because Apple treats reinstalling macOS and erasing the Mac before reinstalling macOS as different procedures.
A normal reinstallation is intended to preserve your apps and personal data, whereas erasing the Mac removes the existing system and data before macOS is installed again. Apple: How to reinstall macOS
Migration Assistant is also relevant. Apple states that it can transfer applications, user accounts, documents, and settings from another Mac or a Time Machine backup. Apple: Transfer to a new Mac with Migration Assistant
If a clean installation were followed by migration from a backup made while the original problem already existed, some part of that previous environment could potentially be transferred back. That would not be the same diagnostic test as using the clean installation without restoring the previous environment. Whether migration would actually reproduce the problem cannot be determined because the original cause is unknown.
Your testing does not identify the exact cause, but it does establish useful boundaries. The problem remained after Spotlight indexing, in Safe Mode, with another user account, after a macOS reinstallation, and with login items and extensions removed. It was no longer present after the Mac was erased and macOS was installed cleanly.
Those results do not prove that macOS 27 itself was the cause. They also do not provide evidence that your Mac was generally underperforming. They show that the problem was specific to the menu-bar behaviour you experienced and that the clean installation was followed by its disappearance.
Apple's initial explanation that Spotlight indexing was responsible was not supported by the outcome, because the problem remained after indexing had completed. After the other troubleshooting steps also failed, the clean installation became the step after which the problem was no longer present.
The most precise conclusion is that you encountered a specific menu-bar responsiveness problem after upgrading to macOS 27. You spent several days working through Apple's troubleshooting process, including reinstalling macOS and isolating user-level software and settings, without resolving it. Erasing the Mac and performing a clean installation was followed by the disappearance of the problem. The exact underlying cause remains unknown.
It is understandable that having to erase and rebuild the Mac after an operating-system upgrade would be frustrating, particularly when the other troubleshooting steps had already been exhausted.
The evidence does not establish precisely what caused the problem, but it also does not support reducing your experience to simply having a “slow Mac.”