Looking at the data, there's about a 2ms regression in the mean, but a ~9ms regression in the 90th percentile for the S4.
Alex, Victor: When did we first ship GPU raster (for selected mobile sites)? Was it M41? I believe we blacklisted GPU raster for PowerVR SGX devices, but I think there's an Adreno variant for the S4. If there's any we we could bin the latency results based on GPU+device, that might help. I know we also enabled the GPU process for M41.
Looking at the trace, the GPU thread appears much more saturated in M41. I see a number of "GLES2::CreateStreamTextureCHROMIUM" calls that take ~30-50ms to take complete in M41, but just ~5-10ms in M40.