However, I think in your case the rationale in the performance section of your Readme totally makes sense, and every single use case I can think of for this would prioritise minimal latency over increased throughput. I've seen init containers that would execute probably 100x faster with this for the exact reasons you point out. I'm quite curious as to what you would you choose instead of bash if you were starting from scratch now?
FYI Shellcheck has a couple of superficial nits that you might wanna address (happy to send a PR). And your Readme is great.