I suspect that what you have read about Ada is wrong, and probably worse, is encouraging you to think about Ada in the wrong way.
Ada's intent is to encourage thinking in the problem domain, i.e. to specify what should happen, rather than thinking in the solution domain, i.e. to implement the fine details of exactly how.
So here the intent is to loop over all Persons, exit returning True on meeting the first over 18, otherwise return False.
And that's it.
By and large Ada mandates nothing about the details of how it's done, provided those semantics are satisfied.
Then, the intent is, you just expect the compiler to do the right thing.
Now an individual compiler may choose one implementation over another - or may switch between implementations according to optimisation heuristics, taking into account which CPU it's compiling for, as well as the size of the objects (will they fit into a register?) etc.
You could imagine a CPU with many registers, where a single cache line read makes the copy implementation faster than operating in place (especially if there are no modifications to write back to P's contents), or other target CPUs where the reverse was true. Why would you want to stop the compiler picking the better implementation?
A good example of this is Ada's approach to parameter passing to subprograms - name, value or reference semantics really don't apply - instead, you specify the parameter passing mode - in, out, or in out describing the information flow to (or from) the subprogram. Intuitive, provides semantics that can be more rigorously checked, and leaves the compiler free to pick the best (fastest, smallest, depending on your goal) implementation that correctly obeys those semantics.
Now it would be possible for a specific Ada compiler to make poor choices, and 30 years ago when computers were barely big enough to run an Ada compiler at all, you might well have found performance compromised for simplicity in early releases of a compiler.
But we have thirty more years of compiler development now, running on more powerful computers. So, today, I'd expect the compiler to normally make the best choice. And if you find a specific compiler missing out on performance optimisations, file an enhancement request. Ada compilers aren't perfect, just like any other compiler.
In this specific example, I'd normally expect P to be a cursor into the array, and operations to happen in-place, i.e. reference semantics. Or possibly a hybrid between forms, where one memory fetch into a register serves several operations, like a partial form of value semantics.
If your interest is academic, you can easily look at the assembly output from whatever compiler you're using and find out. Or write all three versions above and benchmark them.