Microbenchmark can be very misleading compared to real impact in real programs. Still, the gains allowed by UB of signed overflow (when you are lucky enough that this transformation is actually correct in the context of what the original programmer had in mind...) are positive and probably measurable even in real programs, or if hardly measurable, maybe they at least permit a few percent of whole system perf improvement when using SMT processors. But they are more suited to other programming language than C, and actually yes, in C++ (and probably in most languages at this point) it is better both of code readability (most important!) and performance (nice to have, but very secondary compared to code readability) to use for each constructs compared to maintaining an index yourself.

Technically there is no overflow flag to reset, it is just that some CPU instruction sets do not support indexing with a 32 bit register when using 64 bits addressing, so you have to insert an extra sign extend instruction if you want to support 2s-complement signed overflow on 32 bits indexes. So you typically already don't have any cost if your indexes are already size_t/ptrdiff_t, but ptrdiff_t signed overflow is still UB according to the C standard, which is also a shame, because it allows for far less interesting "optimizations" at this point (maybe a + w >= a --> true if w is positive, but that's actually typically dangerous, because that was historically what was used to check for overflow at source level, and now the compiler is suppressing all the checks!)

So all of that really only are trade-offs, and in the modern age (with e.g. a security picture that is kind of worrying, etc.) some people are arguing that this was a terrible idea to use this approach so carelessly, in their opinion. Most experts now think that no non-trivial codebase exist with no potential UB in it, so it is not just rants all around, some even are working on the mathematical model of the llvm optimizer to make it actually sound (for now even internally, it seems that it is not -- so unfortunately with this approach of optimisation for now there is no mathematical justification as for why the optimizations performed are actually correct even with the hypothesis of strict conformance to the C standard, so I let you imagine what happens in practice when almost no program is actually conforming...)