For personal use I kind of agree with you but I would be very concerned about the stalking potentials. We're already seeing huge issues of women being targeted by guys making and distributing "creepshots" and now deepfake based harassment. Constant recording is both a tool to increase access to women in public places as well as to separate the user's feelings from the world there inhabiting.

I wonder if using less of memory-recall capabilities of the brain will lead to loss of other important capabilities. So, I worry if using too much tech crutches is going to be detrimental.

Shouldn't the first step be to find out if your speculation has merit before you start worrying about it?

You should look into something called "Sousveillance".

Also “The Truth of Fact, the Truth of Feeling” by Ted Chiang

Less about the panopticon of surveillance, but about the ramifications of having perfect memory in your daily personal interactions.

All the bad moments would be recorded too, and many of the recordings would be outside of your control.

I would choose what to play, but of course, the "outside my control" part is the problem.

Many may be unable to resist the temptation to watch things that won’t make them happier.

It's going to be awesome for amateur porn

For some definitions of awesome.

Amateur pornography already has huge issues with consent and age verification, and is also more and more being weaponised against women as revenge pornography.