So...yes, the execve overhead is real. BUT there's still a lot you can accomplish with pure bash builtins (which don't have the execve overhead). And, if you're open to rewriting things (which would probably be required to some extent if you were to make something intended for shell to run in Go) you can port whatever you need to run into a bash builtin and bypass the execve overhead that way. In fact, doing that is EXACTLY what forkrun does, and is a big part of why it is so fast.
reply0. vfork (which is sometimes better than CoW fork) + execve if exec is the only outcome of the spawned child. Or, use posix_spawn where available.
reply1. Inner-loop hot path code {sh,c}ould be made a bash built-in after proving that it's the source of a real performance bottleneck. (Just say "no" to premature optimization.) Otherwise, rewrite the whole thing in something performant enough like C, C++, Rust, etc.