the primary motivation isn't latency but complexity. People do in some applications free or allocate collectively because they have interrupt times in mind, but most of the time when you manually manage memory the issue is mental overhead, so people gravitate towards models they can keep in their head.

Allocating in large chunks is often not very performant which is why people came up with tools like the borrow checker, you often want to allocate and deallocate dynamically on a need-basis but that's exactly where bugs occur.