The eager progress reporting was due to the program pre-loading every sequence in the fasta file with the search progress reporting being based on progress through the fasta file. So once the sequences were all pre-loaded, that was reflected in the 99% progress. Pre-loading all sequences was not intended for the release and the issue is resolved. Looks like the Comet website is down right now but here's the direct link to the release files:
https://sourceforge.net/projects/comet-ms/files/. The comet_2021010.zip contains updated binaries to address the progress reporting. Yet again, I appreciate the report on the issue!