I've had very similar scenario where VS out of 10 other VS's was having in a policy may "updatable objects" including many "countries" in a drop/allow lists. depending on what countries were "eliminated" and which were simply dropped without logging like "stealth" filtering.
The level of traffic (udp/53) between that VS and luckily "very local" DNS server was like 2-4 MB/s constant stream 24/7/365. After roughly about the year that DNS server was replaved with much stronger and more powerful machine as DNS become a bottleneck to the "responses" being serverd to that VS (Internet Perimeter FW). This was giving more resources to the DNS server itself sorted the issues out and internal-power of DNS made the stream between the VS and DSN down to 500-600kb/s instead. Simply put, the way the updatable objects works is not that harmful to the VS's as long as your DNS can cope and swallow such amount of "queries" all-day-long. every day.
I had similar scenario with appliances "stand-alone" as well as "remotely-managed" gateways where on R81 just now that problem disappeared but one thing remained crucial - DNS server capabilities and its "responsiveness" in general.
that's just my 5 cents. hope it helps somehow 🙂
Jerry