The trick is to not worry about useMemo and useCallback because it's rarely an issue unless you have 800 line components or don't compose but rather treat everything as if it was inheritance.
I've got pretty sizeable codebases, less than 5 useEffects ever (nowadays I only have one for a single location where I need to manually poll, the rest is useSyncExternalStore) and I only do useMemo for tables.
Compiler is just an additional performance improvement that's "free" and at least the compiler doesn't make it harder to understand how your code executes because it just works
I've got pretty sizeable codebases, less than 5 useEffects ever (nowadays I only have one for a single location where I need to manually poll, the rest is useSyncExternalStore) and I only do useMemo for tables.
Compiler is just an additional performance improvement that's "free" and at least the compiler doesn't make it harder to understand how your code executes because it just works