If you have swap already it doesn't matter, but I've encountered enough thrashing that I now disable swap on almost all servers I work with.
It's rare but when it happens the server usually becomes completely unresponsive, so you have to hard reset it. I'd rather that the application trying to use too much memory is killed by the oom manager and I can ssh in and fix that.
[1] https://docs.redhat.com/en/documentation/red_hat_enterprise_...
Setting swappiness to zero doesn't fix this. Disabling swap doesn't fix this. Disabling overcommit does fix this, but that might have unacceptable disadvantages if some of the processes you are running allocate much more RAM than they use. Installing earlyoom to prevent real low memory conditions does fix this, and is probably the best solution.