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Thanx to Zappa (see Post 22) for his sage advice.

As I was compacting my database (having 46 projects, 292 actions, and 53 zip files -- roughly the same both before and after) I saw the option to Rebuild Database. After running this my sync times decreased from the usual 2~5+ minutes to around 17 seconds. Opening times both before and after were in the few second range.