Kosta 100 sites on 16 DEDICATED cores on a high end CPU should be zippy if the majority aren't hosting busy ecommerce sites.
I literally like to have at least 1 core (VPS) and 1-2gb memory per site. I routinely halve load times on backend pages and ecommerce pages when moving a site to my hosting.
Then again I don't charge $5/mo for hosting.
Anyone hosting with limits like 100mb memory and I assume you've never actually built a site and saw a youtuber saying you could get rich doing this. Like those idiots saying join upwork and use AI to write the code.
Always possible they are just hosting static (as in no PHP) sites though.