You lose a lot: https://support.apple.com/en-us/105120
Doesn't seem like a lot according to the description and pretty much what I would set by default.
Yeah what I want is a configurable version of lockdown mode where I can have my agent sync my allowlist with my hardware.
Like give me the list of what I can turn on and off, and then let me choose my lockdown sphere.
That’s the future, and it’s coming.
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some sites don't work (you can explicitly whitelist them tho) but generally it's been fine. i would honestly prefer a phone that doesn't allow any comms to any non-contact list parties at this point.