"If any such differences exist it would be, at a population level, two highly overlapping normal distributions with slightly different means, well within a standard deviation."
Overlapping normal distribution, yes, but slightly different means, well within a standard deviation seems to be overconfident.
"Therefore you still have to treat people as individuals because the ancestry provides little signal."
No contest here.
"So then why is there so much interest among skeptical, contrarian, anti-woke, scientific racism types on this question?"
Because the difference at the extremes would be significant, and would explain overrepresentation and underrepresentation of certain groups among, say, top scientists.
The competing hypothesis, which explains differences among groups by discrimination and/or poverty, doesn't fully explain why heavily persecuted groups such as Jewish or Vietnamese refugees still manage an academic rebound within a generation or so of arriving into safety, even though they are still targeted by racial hatred. Taken globally or even just in the US, the correlation between academic success and persecution/power status is weak enough that it makes people doubt the "discrimination/poverty" explanation and motivates them to seek alternatives.