Performance wise, how fast are Bitwise Operators vs. Normal Modulus?

Unless you're using an ancient compiler, it can already handle this level of conversion on its own. That is to say, a modern compiler can and will implement i % 2 using a bitwise AND instruction, provided it makes sense to do so on the target CPU (which, in fairness, it usually will).

In other words, don't expect to see any difference in performance between these, at least with a reasonably modern compiler with a reasonably competent optimizer. In this case, "reasonably" has a pretty broad definition too--even quite a few compilers that are decades old can handle this sort of micro-optimization with no difficulty at all.

TL;DR Write for semantics first, optimize measured hot-spots second.

At the CPU level, integer modulus and divisions are among the slowest operations. But you are not writing at the CPU level, instead you write in C++, which your compiler translates to an Intermediate Representation, which finally is translated into assembly according to the model of CPU for which you are compiling.

In this process, the compiler will apply Peephole Optimizations, among which figure Strength Reduction Optimizations such as (courtesy of Wikipedia):

Original Calculation  Replacement Calculation
y = x / 8             y = x >> 3
y = x * 64            y = x << 6
y = x * 2             y = x << 1
y = x * 15            y = (x << 4) - x

The last example is perhaps the most interesting one. Whilst multiplying or dividing by powers of 2 is easily converted (manually) into bit-shifts operations, the compiler is generally taught to perform even smarter transformations that you would probably think about on your own and who are not as easily recognized (at the very least, I do not personally immediately recognize that (x << 4) - x means x * 15).