could someone who has already done this please share how long it takes for a 50 steps image to be generated?

1.3 sec/iter on my M1 Mac, so ~39 seconds.

That was fast. I'm only getting 5.26s/iter on an M1 Pro MBP with 16GB RAM.

EDIT: Speed increased to 2.3s/iter after a reboot

Depends what fork you're running... Some seem to be using CPU-based generation, others use the MPS device backend correctly which is MUCH faster. I have another comment floating around about lstein's fork, but it takes some massaging to get it to run happily. https://github.com/lstein/stable-diffusion/