The animation changes actually not on the minimize-speed-threshold. Even when you change the value of it from 100 to 0, the animation is still normal like what you encountered @Nirmik. What I observe though, if the minimize-speed-threshold is set to 100 (by default), and the minimize-count is set to 0 (by default), the animation is slow just like when we first run 12.10 after upgrading/installing it.
Now, the animation will actually gets faster every time you minimize a window, since the minimize-count will increase, and the more it goes to larger value the faster the animation. The increase in value of minimize-count will stop up to the value of the minimize-speed-threshold.
If you click on the minimize-count, you will see the description that says:
This is used to adjust the animation speed by making it progressively faster the more it is used.
For Slow Animation, I suggest to set up the following:
minimize-count = 0
minimize-fast-duration = 1000
minimize-slow-duration = 1000
minimize-speed-threshold = 0
For Faster Animation, I suggest to lower down the value of minimize-fast-duration and the minimize-slow-duration.