IPS Bypass Under Load was unusable on a modern Check Point gateway except maybe a Quantum Spark. As originally designed if any one core went over the CPU threshold, IPS was turned off on all cores which basically means IPS is constantly off in the real world. However in R81.10 Jumbo HFA 110+ and R81.20 Take 26+ (and I assume R82) the calculation is based on the average CPU load of *all* cores instead which must cross the CPU threshold to start a bypass:
PRJ-46941,
TPP-3290
UPDATE: IPS bypass triggers will now be activated based on the average CPU load exceeding the high threshold, as opposed to the previous implementation, where a single CPU load triggered the bypass. The change will result in more effective security measures without unnecessary bypasses.
So it is actually usable now but I still would not recommend it.
Gateway Performance Optimization R81.20 Course
now available at maxpowerfirewalls.com