I'm not gonna create another debate or a tutorial is it or not sensible to turn it off, since there is tons of articles covering this, here just one of them:
http://lifehacker.com/5426041/understanding-the-windows-pagefile-and-why-you-shouldnt-disable-it
If you understand whole idea of swap file correctly then you should know the only benefit of turning it off is a responsiveness of applications that stay in the background inactive for a long period of time or when some application needs huge amounts of ram at a moment then all processes with lower priority will get swapped. Also with copying a huge files some apps are swaped to free RAM for the copy process so read/write operations are cashed in which case copy process takes a whole lot less.
But if you turn it off totally then in a scenario when you somehow put a load beyond the point of the RAM available some process will start crashing due to "not enough memory" error.
As you read my second sentence in previous answer i didn't say it's bad idea in specific situations but suggesting such for unaware PC users in general can make far more damage then benefits.
Yes when someone have 16GB RAM then probably most of the time there won't be any issues, until crash happen in the least expected moment, but again with 16GB RAM even windows will not swap anything that much since there is no need to do so, so what is the point of turning it off?
But on the other hand when someone has 4GB of RAM then i can assure you he gonna get crashes sooner then you might expect.
"Page file using your hard drive space instead when it isn't exactly needed slows down the PC. "
Page file is used when it's needed and it's needed when RAM can be utilized more efficiently in a moment or there is lack of it, if you feel it slows down your PC then it's not a swap file issues it's lack of RAM issues and turning it off only makes it worse!