In my ignorance I've been using -m TIFF_m, and then trying to "solve" the problem of stitching the sub-images of the multipage tiff.
I literally didn't realise that -m TIFF would do the mapping and stitching in one hit.
Even better, adding -g (use GPU) gave a COLOSSAL benefit.
My laptop has a Intel(R) Core(TM)2 Duo CPU T5470 @ 1.60GHz, and 4Gb of RAM (which is the most it can take).
and NVIDIA Corporation G86M [GeForce 8400M GS] (rev a1) (processor info via lscpu, lsvga)
Output stitch is 6427x5265.
Using the CPU:
Command being timed: "nona -m JPEG -o kk hugin.pto"
User time (seconds): 167.22
Maximum resident set size (kbytes): 417236
File system inputs: 66432
File system outputs: 15752
Using the GPU:
Command being timed: "nona -g -m JPEG -o kk hugin.pto"
User time (seconds): 24.07
Maximum resident set size (kbytes): 505380
File system inputs: 4048
File system outputs: 15920
Hell yeah!