Updated in 20190316
The function still exists, confirmed in version 72.0.3626.121 (Official Build) (64-bit version).

Updated in 20180806
In version 68.0.3440.84 (Official Build) (64-bit version) it becomes even more difficult. Follow the steps below to find the paint profiler in the Google Chrome Development Tool.
1) Enable "Advanced drawing tools (slow)"

2) Record the timeline. 3) Find the paint block and click on this block.

4) Click "Paint Profiler" in the preview section .

5) Here is the "Paint Profiler" you are looking for.

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