I think I would think about specific Windows Telemetry that you want to disable and more importantly, why (i.e. "What's the Threat Model around Microsoft knowing this"). Because the vast majority of the telemetry collected by Windows is simply to make Windows work better - things like "Upgrade failed because $REASON" or "$DRIVER is causing performance problems".

You can see a lot of the kinds of telemetry that Windows is interested in if you go to Event Viewer => Application Logs => Microsoft => Windows, if you read it you see that it's like, Google Lighthouse style stuff, to make Windows faster and more reliable

Use these scripts to figure out the kinds of things you don't want to run, then make really targeted "Disable This" choices