Placing module code in local modules folder doesn't appear to be located by Native IDE

@Robin did you try disabling the virus checker and seeing if that helps?

So, I disagree with the assessment the local file could not be found as the error log shows.

As I said in the post (and it says in the console log), the file does exist - it's the time taken to access the file that is the issue.

Perhaps a solution would be here at this point, as well as setting the found flag, clear the timer?

Yes - personally it seems to me like that code could be improved a lot though. For instance in that function it should know if a file isn't found. If that is the case then potentially the timeout could be removed completely.

if the directory has more than 100 entries, will only the first 100 be considered / processed / shown?

No - because that extra line of code by the comment reads the next 100, and so on.