every mobile device I ever owned is encrypted and protected with a reasonably secure pass-phrase so losing it is no big deal. it is conceivable someone could forensic the shit out of my setup but that is highly unlikely; it’s far more likely it’ll get wiped and sold or parted out.
I’ve done no benchmarks but I haven’t experienced any issues ever. the oldest linux device I own is a 2011 MBP (i7-2635qm, so quadcore) and I don’t perceive any speed degradation; it’s possible 1st gen Core i5/i7 could have issues as those don’t have AES-NI in hardware or sumsuch plus they’re SATA2 only, but those would be 15+ years old at this point.
with btrfs that has on-the-fly compression, copy-on-write, and deduping, everything works seamlessly, even when I have database-spanking applications in local development.
so the only thing I’ve changed recently is encrypting every device I have, not just the mobile ones. the standalone devices get unlocked with a key-file from the local filesystem so they boot without the prompt. selling/giving away any of those drives, mechanical or SSD, is now a non-issue.
you can remove firmware and other software that doesn’t pertain to your system. the regular upgrade process will be shorter and you’ll save some SSD space.
however, you’ll lose the ability to take this SSD and plug it in a completely different system, like e.g. an intel laptop, and have it boot right up, unmodified.