Faster than what ?????????????????????????? The hand lift there is so much faster than the toe lift.
Watch a few Ladies Football games. You'll see that the hand lift is not only faster, especially as a player does not have to come to a stand-still, but prevents many of the pile-ups which happen when a player has to stop and toe lift.
Now some players dont stop to toe lift, just step towards the ball and pick it up and most refs ignore the foul.
Of course for the odd player (Paddy Doherty was one) who can jab lift without stopping players would quickly find which is faster for them and use toe, jab or hand.