Visual navigation for planetary landing vehicles shows many scientific and technical challenges due to inclined and rather high velocity approach trajectories, complex 3D environment and high computational requirements for real-time image processing. High relative navigation accuracy at landing site is required for obstacle avoidance and operational constraints. The current paper discusses detailed performance analysis results for a recently published concept of a visual navigation system, based on a mono camera as vision sensor and matching of the recovered and reference 3D models of the landing site. The recovered 3D models are being produced by real-time, instantaneous optical flow processing of the navigation camera images. An embedded optical correlator is introduced, which allows a robust and ultra high-speed optical flow processing under different and even unfavorable illumination conditions. The performance analysis is based on a detailed software simulation model of the visual navigation system, including the optical correlator as the key component for ultra-high speed image processing. The paper recalls the general structure of the navigation system and presents detailed end-to-end visual navigation performance results for a Mercury landing reference mission in terms of different visual navigation entry conditions, reference DEM resolution, navigation camera configuration and auxiliary sensor information.