> The rarity of JIT compilers makes me believe that implementing a JIT compiler historically was too difficult for it to be worthwhile.
That's only true of writing a JIT from scratch. There's no rarity of JITs, it's just that LLVM (and other frameworks) are often used. Every major interpreter has a JIT compiler. PCRE2 has a JIT compiler. There are JIT frameworks out there with much faster code-generation than LLVM: Cranelift, GNU Lightning, Mir. I doubt they could do code-generation faster than a custom copy-and-patch JIT, but they'd be much faster than LLVM.
[0] https://www.pinaraf.info/2024/03/look-ma-i-wrote-a-new-jit-c... , discussed: https://news.ycombinator.com/item?id=39742916
Besides run time, JIT is available also when the code is compiled or loaded for execution (i.e., do you have a compilation or loading speed-up in mind? no problem, you can also compile that speed-up into native machine code, and so ad infinitum...).