Just a reminder that enabling Hyper-V (needed for WSL2) will make your computer boot your current Windows install inside a VM too. This might makes a slight performance impact. And you might also encounter issues with Type 2 virtualization software such as VirtualBox or VMWare Workstation. (I will still stick to WSL 1 because of that).
that seems odd; what is the performance impact of turning on Hyper-V for the root/host windows instance?
I don't consider it odd. It is the way a Type 1 hypervisor works. Windows puts in some effort to hide most of that from the user.