@Bawolff
By "too heavy" I meant that as far as I know in some scenarios of small websites with say <=1000 webpages, the very processing of Memcached might take too much resources that would better spent on serving content directly.
Moreover, In my shared hosting environment, while with CACHE_NONE I have enabled Memcached module via SiteGround, purged its cache, travelled to some relevant webpages and then reloaded them --- all webpages came up slightly slower in 2-3 seconds if not in the regular 0.5-1.5 seconds although I assumed that Memcached will give some effect of its own ------ I then set CACHE_MEMCACHED and the original problem of waiting to timeout came back, indicating that SiteGround's Memcached and MediaWiki don't communicate properly.
I later understood from a SiteGround staff member that their Memcached installation is WordPress oriented and generally doesn't communicate with MediaWiki.