Modern race pads are fine. It's the old and famous Ferodo DS11 pads and the Mintex equivalent (M20?) which were so poor from cold. I can remember having to get them really hot before an MoT test and then get the tester to test the brakes first of all on my rally cars.
A Mintex 1144 pad is fine for all road use and the Carbon-Metallic pads now available are, quite simply, superb and work very well straight from cold. I've even used a Mintex 1177 on the road with no issues at all - that was in a Rover 214 Si rally car.
Do the carbon metallic pads have a similar lifespan to "normal" cheaper pads?