Digging around, looks like it's workload dependent.
For pure computational workloads, it'll be faster. However, anything with heavy allocation will suffer as apparently the gccgo GC and GC related optimizations aren't as good as cgo's.
As of about five years ago gccgo was slower for almost all workloads: https://meltware.com/2019/01/16/gccgo-benchmarks-2019.html
As of about five years ago gccgo was slower for almost all workloads: https://meltware.com/2019/01/16/gccgo-benchmarks-2019.html