Wolfram_von_Thal: Is that so? Please show me a fluently working version of Redguard on dosbox, I can't imagine what beast of a pc I should have to play Redguard then. Dosbox is limited, that's the only problem here in my opinion. And as k_mar says, it isn't a problem of glide emulation, software mode isn't better.
It's probably a matter of expectation and perception. I run GOG-Redguard on an old XP laptop with an Intel graphics card, and I'm happy with the performance (after applying applied a few conf-tweaks - but nothing that hasn't been described elsewhere thousands of times). Movement is fluent, no stuttering, speed comparable to that of Morrowind with a character having a speed of about 50.
If you were playing Redguard on my laptop, you might find it slow, for example if you are used to running from one end of town to the other in a few seconds (in other computer games).
PS: I have also been playing Reguard on a much more powerful Win10 desktop. Slightly faster, but not much. Seems Redguard and / or DosBox can't make use of multi-core CPU's and a lot of RAM (no surprise) - and running single-core, modern CPU's are not that fast.