Dear Damiano,
Can you tell us which versions of Manopt and Matlab you are using?
Type "version" and "manopt_version" at the command prompt.
With Matlab R2020b and Manopt 7.0, calls to multiprod are converted into calls to pagemtimes, which is a Matlab built-in function: it's a lot more efficient than what we were using before.
I'm curious to know if the speed issue you noticed is resolved by upgrading, or if you already had the latest versions and in that case I'd be curious to see how you came to the conclusion that it's slower than it should be.
Best,
Nicolas