A follow up note: Single page files don't suffer much from "Use system setting", but multipage files choke, especially if there are a lot of pages (e.g., dozens). It makes me wonder if Acrobat is rendering every object on every page at "Use system setting", instead of just the current page.
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Sorry for the delay in response to your query and apologize for the inconvenience caused. Please check for any pending update of Acrobat Pro from Help>Check for updates. Restart the machine and see if, after the installation of latest updates, it brings any changes.
You may also remove the Acrobat Pro using the Acrobat cleaner tool Download Adobe Reader and Acrobat Cleaner Tool - Adobe Labs Restart the machine and install Acrobat from Download Pro or Standard versions of Acrobat DC, 2017, XI, or X
If the issue still persists, please enable the root account of Mac operating system and see if you still get the spinning wheel/beach ball in Acrobat in every click.
Please share the dot version of Acrobat installed on the machine, to identify, please refer to Identify the product and its version for Acrobat and Reader DC
You may also refer to the following KB docs and try the suggestions which discuss the similar issue OSX / Adobe Reader / spinning pinwheel after clicking each element and problems with selecting text in document (Acrobat…
Let us know how it goes.