Yes, the much more plausible explanation is that the word rasterize was misused there. They are generating and diffing text data which has been a standard approach to drawing a TUI since the dawn of computing. It is not even remotely resource intensive.
> They are generating and diffing text data which has been a standard approach to drawing a TUI since the dawn of computing. It is not even remotely resource intensive
No one has ever done that. Even top[0], which does full screen refresh, clear the screen (if necessary) and write the new information (the period is in seconds, not ms). No need to diff. That would be like diffing a file, just to find which bytes to update.
[0]: https://cvsweb.openbsd.org/checkout/src/usr.bin/top/display....