I recommend leaving the hyper-threaded logical cores enabled in the host BIOS, but not depending on them for performance gains. Hyperthreaded CPU cores, or logical cores, should not be factored into CPU overcommitment rations as if they are full processor cores.
Every task that is triggered inside a virtual machine must be scheduled to run on a physical compute resource. These scheduled tasks must be placed into a scheduling queue inside the hypervisor layer before it gets its time on the physical compute resource. If the hypervisor is overloaded, or if the vCPU scheduling queues are imbalanced from an incorrect vCPU configuration, these queues can grow, and the performance impact on the vCPU performance can suffer.
Click through for an explanation of hyperthreading and David’s guidance on the topic.