The difference between the two security features is that Safe Browsing will compare a visited site to a locally stored list of domains, compared to Enhanced Safe Browser, which will check if a site is malicious in real-time against Google’s cloud services.
While it may seem like Enhanced Safe Browsing is the better way to go, there is a slight trade-off in privacy, as Chrome and Gmail will share URLs with Google to check if they are malicious and temporarily associate this information with your signed-in Google account.
Yeah just a slight trade-off of sending Google every URL you visit.
The last opt-in feature they introduced would send them your password in certain cases ☹️
https://www.techradar.com/news/your-browser-spellchecker-could-be-leaking-your-passwords