Intel reckon there's at least a 30% cpu throughput increase with hyperthreading. It certainly won't slow down any core to less than it's rated speed.
What hyperthreading does is improve multi-tasking, and with a modern operating system or DAW even if you are only using one application there is still a lot of multi-tasking going on 'behind the scenes' as a look at the processes list would tell you.
It makes better use of less than fully-laden cpu cores so shifts things through the cpu faster, simple as that. It won't necessarily save you from running out of resources, any system can be pushed to the point it can't keep up, but it helps to make that point further away and keep things running more smoothly by optimising core usage.
And if for some reason it slows down your PC, then turn it off again. Personally I find things work better in terms of total cpu load with hyperthreading enabled, but there's so much variation in Windows PCs that may not be true for all.