On a pve-4.4 server, hosted VMs stalls while restoring a gz compressed backup from a nfs connected storage.
According to 'top', gzip uses 20-50 %CPU (Intel Xeon E3-1270 V5 3.6GHz 8 cores), so there should still be plenty of room for pve.
The OS itself does not seem to be hogged in any way, but...