what do you mean with "asset transform"? Do you mean the creation of asset renditions (with smaller dimensions)?
Ok, I think I got the case: Because you are unflexible when it comes to renditions (adding a new rendition definition requires to reprocess all assets, which do not have this rendition yet) makes you thinking about creating these renditions on the fly.
Basically that's not a problem (maybe a small extension of the NamedImageTransformerServlet would be necessary to preserve the aspect ratio, I am not sure if it already has that feature), but of course it's not free. Because now you create the rendition more often (on every uncached request), which can lead to performance problems in case of an empty dispatcher cache.
That pre-rendering of these renditions is one side of a trade-off (spending disk, saving CPU), the on-demand rendering the other side (saving disk, spending CPU). Maybe you can find a way in between: If a rendition is already present, use it; if it's not, create it on-the-fly (with or without persisting it in the repo, your choice).
Jörg