Does `countInstructions` and `performanceCounter` in `ExperimentalInternetComputer` count cycles?

Does countInstructions and performanceCounter in ExperimentalInternetComputer count cycles or what? If they count not cycles but something other, how is that related to cycles?

It counts WASM instructions. According to the cost table on a 13 node subnet every instruction costs one cycle, so you can treat them as equivalent for now