It turned out that the terrible compiler performance in
Trac #10527 arose because we were simplifying a function
argument that subseuqently was discarded, so the work was
wasted.  Moreover, the work turned out to be substantial;
indeed it made an asymptotic difference to compile time.

Ths solution in this 7.10 branch is a bit brutal; just
duplicate CoreSubst.substExpr to be SimplEnv.substExprS.
It works fine I'm working on a better solution for HEAD.