Part of my reason for blocking video is I can never figure out when videoconferencing tools will default to transmitting video, which I never want, before I have a way to turn it off.
Also, I don't think I'm a high profile enough target that somebody would bother sifting through everything I say in front of my laptop for something interesting.
Capturing images every minute or so and looking for something embarrassing (someone showing lots of skin) seems much easier for malware to automate.
The threat model is closer to automated transcription, global history search, and parallel construction.
But certainly no harm done in muffling or ripping out a mic if you're concerned!
[1] https://media.ccc.de/v/35c3-9941-how_facebook_tracks_you_on_...
They think the FBI is gonna sit and watch or listen to a recording. They have no idea this is gonna sit as text in a database forever to be searched against later.
It's easy and quick to put some tape over the webcam, so unless you use it all the time, there's very little reason not to to so.
Disabling the microphone is harder and maybe not worth the effort.
https://www.davidsalomon.name/CompSec/auxiliary/KybdEmanatio...