Thanks léonie. I hope you find out more. FWIW I'm the one with the 63k Aperture conversion. I'm at 644 "Photos Scanned." Not much change after several days. I've restarted Photos a couple of time, just to make sure it wasn't hung up—although I don't think it was.
A snapshot. Over a 30 second observation, Photos was typically around 60% and the next three never more than 3%. The rest consistently zero.

Memory is about the same several minutes later except for Photos itself which I've seen rise to about 500MB

Good luck with finding more about the processes. photolibraryd is doing more than your current estimate as I haven't done any editing since bringing into Photos, unless it's reapplying edits from Aperture which seems possible; how else are Previews going to be generated?
I looked at Console and read about 50 messages. They seemed to be low level. Many create and release session for Photos. Takes about five events.
In my case I'm assuming Henrik is right and that previews are being generated, but three days is a slow process. Most of my photos are geotagged before importing. Not my Photo System Library and no editing while this goes on. CurrentlyI have another library (just 2017) that is my Photo System Library. I don't have either of the Memories items checked in Preferences.