For context, on a CPU like the 14900k that has 16ecores, turning HT off lowers performance (in heavy MT scenarios that can take advantage of HT) by about 10%. It's nowhere near 20-25-30% that was mentioned in this thread. That is the case obviously because only 8 of the 24 cores have HT.
Now I don't know how much space HT takes and what one can do with that space, but I'm pretty sure something better can be done than just increasing performance by 10%. Since I'm primarily gaming, I always turn it off because unless you run out of physical cores, HT just gimps game performance and increases power draw by a ton at the same time.