The 2 mins mentioned is to reach F15. In your sim scenario it seems you were a little impatient. Perhaps understandable. It depends on what session you were doing. If it was a TR course then it seems unfair not to guide you; if it was a recurrency session then they were letting you make the mistake, but you must have forgotten this from your initial TR training.
The reason the LEDS take a long time is that they are using the low power SBY pump. In the sim they do take a long time to kick off, but I'd expect you to see the first Amber light within 10-15 secs; guessing. The LED's then go all the way to Full EXT and take a long time and also the TE's take a long time to reach F1 because the SBY pump is driving all of them. This can take 50-60 secs. Moving from F1-F5 is slow, but not overly as only the TE's are moving. The same from F5-F10 & F10-F15. The time for those is as normal HYD B speed.