Hi,
I was able to improve rendering times by 8% by disabling hyperthreading.
I have a 16 core / 32 thread machine. In vegas 14 I could only set the max number of rendering threads to 16. At that level, rendering was done at only a 38% CPU utilisation.
So I then disabled hyperthreading and CPU utilisation increased to 60% and the CPUs also were slightly turbo boosted (3 Ghz vs 2.8 GHz)
Result: an 8% decrease in rendering times (H264 with libav)
The improvement is not huge, but nevertheless interesting because a bit counter intuitive. Your results will vary as I guess that up to a certain number of cores hyperthreading brings benefits, but beyond that it's detrimental.
I would be interested in getting your results.