Nobody can complain that Linux lacks options for profiling and tracing. This chapter has given you an overview of some of the most common ones.
When faced with a system that is not performing as well as you would like, start with top and try to identify the problem. If it proves to be a single application, then you can use perf record/report to profile it, bearing in mind that you will have to configure the kernel to enable perf and you will need debug symbols for the binaries and kernel. OProfile is an alternative to perf record and can tell you similar things. gprof is, frankly, outdated, but it does have the advantage of not requiring kernel support. If the problem is not so well localized, use perf (or OProfile) to get a system-wide view.
Ftrace comes into its own when you have specific questions about the behavior of the kernel. The function and function_graph tracers...