Chunk loading is extremely poor

Summary:
Chunk loading is awful

Verification Build:
1.19.81

Regression Builds:
1.19.73

Impact:
We have several projects that the chunk loading cannot keep up with the player entering that area. Especially prevalent when teleporting into a space outside the current loaded chunks.

Repro Steps:
1. Open single player world
2. Fly around
3. Fairly quickly you will get to a point where the world cannot generate faster than you traveling there

Observed Results:
Chunks are not loading

Expected Results:
Chunks should load quicker than the player traveling into them

Image Example:

Video Example:
Video sent privately to Greg Walls through compass ticket.

Note:
This may be related to the other bug I reported. - https://bugs.mojang.com/browse/MCM-1664