Depends on the acuity. The vast majority of Peds visits are low acuity, essentially urgent-care visits, and a seasoned Emergency Physician should be comfortable seeing at least 2.5 pediatric PPH for all comers. My usual Peds visit is 3 minutes for H&P and then discussing normal/abnormal and reassuring the parents for another 7 (oh your one month old hasn't pooped in two days? Ok, lets talk about normal bowel habits, etc). Add five minutes for documentation and discharge and I can see 4 kids per hour at my current site. This is contrary to my usual adult visit, which is a patient with ESRD and Lung cancer in DKA and respiratory failure. Over 2 adult PPH is difficult. Very. very different scenarios.
If you're at an academic quaternary-care center and half of your Peds visits are transplant kids or kids with cancer, then ya, 1.5 per hour will keep you busy, especially as a resident. A septic 6 year old with a heme cancer deserves a lot of time and careful attention. Much of that time will be spent coordinating care with specialists.
Regarding conscious sedation, this is very system dependent. Some hospitals make it damn near impossible to do conscious sedation and the set up takes 15 minutes of your time, then the sedation time and procedure. A single procedure will take you an hour with all the hoops to jump through. Learn tricks to avoid conscious sedation when you can do so and still have good outcomes:
1. Place L.E.T. on all lacerations as soon as they hit the door
2. Use relatively high-dose single agent Pain control (eg 2mcg/kg intranasal fentanyl); doesnt meet criteria for conscious sedation but controls pain and also relieves anxiety
3. Distract kids with Sponge Bob, Dora, etc, on a phone or table
4. Use dermabond whenever possible. Combine stitches, dermabond, and steri strips in any acceptable way to properly close a wound
5. Use regional anesthesia whenever possible. This works extremely well for facial lacs. Getting the block is the hard part, then the stitches are easy
6. Just be prepared to use conscious sedation on all three year olds. They are strong as f*%k and are difficult to distract.