The type of Ram in the trap door is called "Ranger" mem.
Not as fast as 'real' FastRam, but faster than CHIP Ram.
It is exactly the same speed as chip ram. It suffers from the same slow down if there is a lot of dma activity, which is the only reason that chip ram is slow in the first place.
The trap door isn't actually ranger memory, it just appears at the same address as the 512k extra ram in the ranger prototype and then the third party boards which were based upon it. I believe this was true fast ram.
The fat agnus was an anti amiga inc (los gatos) project. Jay claimed it wouldn't work and that ranger should be the next step, which likely encouraged the chip guys even more to make it work.