I ran some test to check this out. And with and without HT enabled the cores run at 4.7GHz. I also was testing your other theory about the numer of threads being too much.. so I ran a test for 8, 6 and 4 cores... with HT enabled and one test on 8 cores with HT disabled. I was going to run 6 and 4 cores with HT disabled only my game won't start anymore.. I think there's some kind of DRM going on that if you change the number of cores, the game thinks it is installed on a different PC each time.
So one advise.. don't change your cpu settings too much!
But I found an interesting result none the least:
I noted the max. fps during each test.
8 cores + HT: 37 fps (4.7GHz)
8 cores: 40 fps (4.7GHz)
6 cores + HT: 37 fps (4.7GHz)
4 cores + HT: 38 fps (4.
8GHz)
I found that there was barely a difference in frame rate with 8, 6 or 4 cores enabled! I think this means that planet zoo heavenly relies on 1 core.. I was going to test with 2 and 1 core enabled.. but I couldn't anymore

.... Waiting untill Frontier will respond on my ticket.