Actionscript 3 :: Adobe AIR Scrolling Performance On IPad2?

I'm currently working on an Adobe AIR application which is targeting the iPad2 as the hardware platform, and can not get decent scrolling performance on one of the screens. I'm using a spark list, with a custom item renderer like so:

<s:List id="productList" top="116" bottom="0" left="10" right="10"
width="100%"
visible="true" includeInLayout="true"
height="0"

[code]....

As you can see this is pretty light-weight, yet my dataprovider contains upwards of 100 items, and 11 of them can be on screen at any one time. Everything I've read around increasing performance for scrolling revolves around using opaqueBackground and cacheAsBitmap, however no matter what I try neither help here. Using cacheAsBitmap at the list level doesn't help as the item renderer recycling kicks in once you've scrolled more than a couple of lines requiring the whole thing to be re-rendered, and using it at the item renderer level is still horribly slow when scrolling fast — presumably because many are being recycled at once during a very fast scroll.

I know the iPad should have no problem blitting a screenful of information in a frame at 60 fps, yet when I scroll quickly I'm seeing it struggle to make 10 fps (from sight). So the question: have I missed something obvious, or is this to be expected due to the number of layers (and vector rendering) involved when using AIR? For the record, I have tried changing the render mode for the application and tried changing the frame rate to eliminate the obvious.