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The Async gem is the natural successor, It's actively maintained, and allows you write synchronous code is if it wasn't non-blocking, and most libraries don't need any special support for Async (exceptions are gems with C extensions that do I/O and DB libraries with connection pooling that would otherwise be thread-based).
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You could use rbspy to profile the EventMachine process as it's doing the workload, and try to see there where most of the time is being spent.
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NOTE:
The number of mentions on this list indicates mentions on common posts plus user suggested alternatives.
Hence, a higher number means a more popular project.