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If you only keep the algorithm and hashes you want to use - then it can be quite small. I only keep AES, and the SHA hash. Total size with the program EXE and DLL is 263k.
Speedwise, the time to copy and move files over to/from the mounted container seems negligible - I haven't tested it objectively though. The less algorithms and hashes you have in the folder, the faster it will run btw - so discard any you wouldn't use. And if you're concerned that someone would know which algorithm you've used by looking at the ones in your OTFE folder - well, so far, AES hasn't been broken, so I wouldn't worry about it.
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