I have an AMD CPU. Zen CPUs come with a fairly wide backend. But the frontend is what it is (especially early Zen), and without SMT it's essentially impossible to keep all those execution units fed. It's not that 8 x86 decoders wouldn't be a benefit, it's just that more decoders isn't cheap in x86 cores, each extra decoder is a serious cost.
If you compare with the big ARM cores, having a wide frontend is not a complex research problem or an impractical cost. 8 wide ARM decode is completely practical. You even have open source superscalar RISC-V cores just publicly available on Github running on FPGAs with 8 wide decode. Large frontends are (relatively) cheap and easy, if you're not x86.
So when we notice that the narrower x86 CPU's decode doesn't consume that much (a "drop in the ocean"), that's because it was designed narrower to keep the PPA reasonable! The reason I can't feed my Zen backend isn't because having a wide frontend is useless and I should just enable SMT anyways, it's because x86 makes wide decodes much less practical than competing architectures.