What you're experiencing is normal I think.
The number of ref point depends on the complexity of your drawing.
Maybe you should zoom in more to get the right ref point.
The little blue circle takes about 2 seconds to complete. Standard.
One second to start and one second to complete.
Under 'Options'-> 'Work Environment' -> 'Input Constraints and Guides...' you can set the time to start the blue circle.
You can also turn off 'Snap guides and Points' by clicking the main button in the toolbar.
Architectural construction designer, draftsman, modeller
ArchiCAD 25.