thx1138v2 :
IMO, it's just a personal preference. I live in a place where it gets hot and stays hot all through the summer. Pumping heat from my machine into the room somewhat causes my air conditioning to run more so it's more important to me to keep machine temps down during that time. The air conditioning is the major component of my electricity bill in the hot months.
Rest assured that turning HT off will not affect your electricity bill in any measurable way.
The TDP for the 4790k is 88 watts
The TDP for the 4790 is 84 watts
Assuming you were using the PC at full power 30 hours a week
4 watts x 30 hours x $0.13 avg US electric cost / 1000 watts per kw = 1.3 cents per month
I have not as yet observed any difference in game play with HT off except under the following conditions:
a) OC is temperature limited ... a better cooler would eliminate this.
b) Turning off HT, may get you 5-7C lower temps allowing a slight boost in OC.
c) Benchies will show slightly higher fps but its small enough that your eyes won't know the difference.
As for more threads, it's easy to see if the extra threads are doing anything for you.... as of yet I have not been able to show any increase performance with > 4 threads in th games I have played. here's how:
a) Start your Game
b) Go to Windows task manager, processes tab and right click on the exe file
c) Set affinity 1 Processor
d) Run a demo or bench or go thru a certain segment
e) Record FPS
f) "Rinse and Repeat"assigning 2 processor, then 3 and so on thru 8
I have yet to see any increase after 3 processors.... again, on the games I have played. Your results may vary based upon playing resolution, RAM, GFX card(s), etc
If you never see a benefit w/ 5 or more processors, HT is doing squat for you.