Random anecdote warning - In the old days, before vector search became AI and everyone and their dog offered a vector database, I had a task that required nearest neighbour search in a decent amount of high-dimensional vectors.
I tried quantizing them to bit vectors in an index and scanning through it to get an initial set of candidates. Performance was actually quite decent - reading through RAM linearly is fast! But the selectivity wasn't great.
Somewhere along the way I found this paper[1] that iteratively finds a rotation to apply before quantization to reduce the quantization error. Very similar goal to SpinQuant, but focused on bit quantization only.
As it turns out the 'random rotation' baseline they benchmark against worked great for my use case, so I never tried implementing the fancier algorithm. But it's a pretty rare day at work that "apply a random rotation matrix to a 128-dimensional vector" is the solution to my problem.
[1] https://ieeexplore.ieee.org/abstract/document/6296665 / https://slazebni.cs.illinois.edu/publications/ITQ.pdf