Xuriik, my Lego Block Linker can transfer a 128K save in or out of the Gameboy in under 30seconds, I'd say the dongle would match if not beat that speed as it's not having to re-transmit over serial.
I'll start a new thread documenting the entire design and construction process. There are a few options to consider, mostly power (not a problem with the GBC as 5v is fed out the port - but becomes a bit more creative on the DMG) Anyway, Keep an eye out in the next day or two for the new thread
Ben
The DMG link port also has power on pin 1.
if you use a cable from an 4 player adapter that should work. or some after market cables that have pin 1 connected.