_ENV is the same thing as setfenv/getfenv in Lua 5.1, except its lexical. Unless the use of function environments also make LuaJIT slower (I doubt it as that would implicate _G and a host of other behaviors, all of which LuaJIT is renowned for making work performantly), I think the best way to interpret the original sentiment regarding _ENV is that it would be a PITA to support in a backward compatible manner. There have also been several patches over the years to add _ENV support to LuaJIT, and AFAICT they've all been relatively simple (but not necessarily simple for someone who is firmly of the opinion that Lua should have been frozen at 5.1).