Earlier quoted context omitted.
Remember, http://google.com/custom still loads instantly ;)
Wow. What is this and why does it exist?
https://developers.google.com/custom-search/docs/overview?hl...
Way back when Google first got VC, before they invented AdWords and got profitable, they explored a lot of custom business partner opportunities. So there were a number of specialized Google search endpoints like /linux, /bsd, /unclesam (search over Federal government websites). These were maintained until about 2013 - they go through a different rendering path than the one that serves mainstream Google Search. /linux, /bsd, /unclesam, and a few others were decomissioned in 2013, soon before I left Google, but it looks like /custom got a reprieve for whatever reason. It's actually been deprecated by the Custom Search Engine functionality linked above, but nobody's gotten around to removing it.
Incidentally, you can also get a similar page (slightly different, its last update was around 2007 and it shows no ads) by setting your user agent to "Mozilla 3.0".