Yes, the base clock speed can have an affect on performance. Obviously the higher the base speed the better the performance will be.
Intel uses Turbo Boost and Windows uses power management settings to determine the clock speed. Based on how much the CPU is being stressed. For example, I am currently replying using one of my older laptop; a Dell Latitude 3540 with a dual core i5-4200u (1.6GHz / 2.6GHz); from 2013. Since all I am doing is typing the clock speed basically ranges from 800MHz but it does go up to 1.6GHz sometimes and can also go up to 2.3GHz from time to time. It hits 1.6GHz and 2.3GHz because Windows does have some background programs running that puts a demand on the CPU. Note that 2.6GHz is only possible if only one...