It is, in my mind, the single biggest remaining advantage MySQL has. I used to say that MySQL’s (really, InnoDB) clustering index was its superpower when yielded correctly, but I’ve done some recent benchmarks, and even when designing schema to exploit a clustered index, Postgres was able to keep up in performance.
EDIT: the other thing MySQL does much better than Postgres is “just working” for people who are neither familiar with nor wish to learn RDBMS care and feeding. Contrary to what the hyperscalers will tell you, DBs are special snowflakes, they have a million knobs to turn, and they require you to know what you’re doing to some extent. Postgres especially has the problem of table bloat and txid buildup from its MVCC implementation, combined with inadequate autovacuum. I feel like the docs should scream at you to tune your autovacuum settings on a per-table basis once you get to a certain scale (not even that big; a few hundred GB on a write-heavy table will do). MySQL does not have this problem, and will happily go years on stock settings without really needing much from you. It won’t run optimally, but it’ll run. I wouldn’t say the same about Postgres.