Can you actually saturate the links with the spinning drives?
I've had the hardest time making my TrueNAS ZFS server fast when it was filled with HDD spinning disks. I initially also had 12 of them trying to get maximum speed. I have 128GB RAM and a 10G ethernet connection. I tried all types of optimizations like L2ARC via NVMe, etc, and it wasn't very effective and just too much time spent tweaking and testing.
Instead I just threw up my hands and replaced all the spinning disks with NVMe drives for the data I actually shared (8x 4TB NVMe drives.) And now it very usable and no need for LRArc, etc. Random or streaming access is equally fast.
Best choice I made. Now I did do this over a year ago so I skipped the NVMe price inflation.
I still keep 4 spinning disks but it is for archival data that I expect to never access unless something bad happens. It is slow and I use it like a tape drive.