I have a AMD 7700X and I run it on Eco Mode which is approx 65W TDP instead of the 105W TDP it wants to run at.
For my general use (including cpu intensive operations) this makes absolutely no perceivable difference. I ran some benchmarks out of curiosity and I take about a 5% haircut for a massive power and heat savings.
What Intel and AMD did with the chips was essentially sell consumers a default overclocked chip that will run to the max of the thermal headroom that your fan will allow and sit there. They did this to be competitive with each other in benchmarks for marketing.
Most consumers should run these chips in some sort of eco mode since the performance per watt has severe diminishing returns and they are actually quite power efficient as long as you don't run it on the default factory overclocked settings.