Once disabled the load times were down to a more reasonable level, although they have crept back up according to Google Webmaster Tools. As far as I can tell it’s images causing the load times. It was a good exercise for me to understand load times but it was a change made completely on Google’s part that caused the loss in traffic. The site not only got the traffic back but it increased a little. Also, when the traffic did come back the site had a significant increase in comment spam, so much that I had to turn off comments for certain posts.