The step is "Estimating camera locations", sorry for misremebering the name. The scene has 199 photos of 4000x3000 pixels, also containing 25 markers, no masks. Settings: accuracy = high, generic preselection enabled, reference preselection enabled, 40k key point limit, 4k tie point limit, adaptive camera model fitting.
The highest I'm seeing is around 108% CPU out of a possible 1600% (i.e. 16 cores). The node has 32 GB RAM and also 2 Tesla K40m's.