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The performance regression is caused by ksoftirqd eating up a lot of CPU time in comparison with the case when NIC bandwidth is expected. This is a systemd change which appeared in between version v250 and v252 that has this side effect on ksoftirqd.
https://github.com/systemd/systemd/commit/b8df7f8629cb310beac982a4779b27eabe5362c6
After reverting the change the performance recovers. This change effectively enables CPU cgroup controller globally which adds some overhead on the kernel side and that exhibits in the test case. I have some intuitive understanding why this happens but more explanation from kernel cgroup expert would be welcome. On systemd side we will revert the change until we have a full understanding of the performance regression and maybe even some fixes on kernel side.
Since the problem described in this bug report should be
resolved in a recent advisory, it has been closed with a
resolution of ERRATA.
For information on the advisory (systemd bug fix and enhancement update), and where to find the updated
files, follow the link below.
If the solution does not work for you, open a new bug report.
https://access.redhat.com/errata/RHBA-2023:2531