If you read the article made by the patch author you'll see that there's a routine which was meant to deliberately cut in half the FPS and it was easily patched.
http://daifukkat.su/blog/archives/2015/03/30/its_turbo_time/ It was posted a couple posts above.
Now, from a developer perspective, this is not some kind of "bad coding" but rather "poor foresight", if you will. They wanted the slowdown in the game, but probably they didn't thought it could drop down to such abysmal levels.
Matter of fact, I still find it enjoyable while playing in single player but becomes unbearable when a second player joins in.
They probably tested only in single player mode and that was it.