I leave mine in Eco. Can’t swear its more economical, but I think it is.
I agree with the comment that it makes acceleration less ‘fierce’, but general performance is excellent. I haven’t needed to switch it off for performance reasons.
Air Con seems perfectly OK, but then again I haven’t used the climate control at all yet, I just leave it in Lo.
The Mk4 is a pleasure to drive, I love it.