It probably is if you set some output buffering, because it will spit out a lot of characters at once.
I tried using io.stdout:setvbuf 'no' and 'line' (automatically flushes when a newline is printed) and benchmarking them (100'000 print calls) noticing a 30% better performance with both a short string ("alpha") and a longer ( ("alpha"):rep(10)) string.
lf = love.filesystem
ls = love.sound
la = love.audio
lp = love.physics
lt = love.thread
li = love.image
lg = love.graphics