My view is coatings are a 'good thing', unless the tool is used inappropriately, most likely on Aluminium.
The coating is extremely thin – on cutting tools about 0.7µm – and I doubt it reduces sharpness. Even if it does, uncoated HSS wears faster than coated HSS, so an uncoated tool will soon end up blunter than a coated one. (A microscope would reveal the difference._
Coated vs uncoated performance is tested in an industrial setting, where it's shown TiN multiplies tool life by a factor of 4x, and TlAiN by a factor of 10x. The comparative test is done at maximum metal removal rates typical of manufacturing, not the more complicated usage patterns found in home workshops, where we work slower (which extends tool life), but unscientifically (which reduces tool life, especially in unskilled hands), and apply many different processes. Industry is very different from what goes on in my lightly loaded workshop: they measure tool-life in minutes, whereas mine might last years unless I do something stupid.
Amateur measures of tool life can't be accurate because the way we use them is so random, and industrial measures of tool life may not be meaningful to us for the same reason.
Plain Carbon tool steel cuts as well as HSS provided it's not overheated and regularly resharpened. In comparison HSS is tough stuff, wears far more slowly, and is much more heat-proof. Coating HSS improves performance further by protecting the 'soft' HSS with a thin hard layer. The layer resists corrosion and reduces friction, hence heat, because it's slippier than steel.
Coated HSS leaves uncoated HSS in the dust, but only if the cutter is used optimally. That means matching the tool to the material, clearing swarf and lubricating correctly, setting optimum depth of cut, feed-rate, and rpm, and having a machine with considerable rigidity and power repeatedly doing the same operation. Though I avoid mismatching, I can't meet all the requirements needed to get the absolute best out of cutters,
So I don't care much and buy coated or uncoated as it suits me. I prefer coated because in theory they last longer, but I certainly don't avoid uncoated. On similar individual cuts, I doubt it's possible to tell the difference between coated and uncoated HSS. The advantage of coated cutters is simply they last longer than uncoated, but that's almost impossible to prove in a home workshop. Industry have proved it, but they don't work as we do.
Best advice I can offer is give both a try. I doubt the difference is worth fretting over in most home workshops.
Dave