So much incorrect information in here. On one hand I'm surprised because it's OCUK which is normally pretty solid, but on the other hand I guess it's still the internet...
At 4K with a 4090/5090 there is almost no difference in gaming performance between the latest X3D CPUs and Intel CPUs, even going back several generations.
In some games there is a small difference, mainly to minimum fps, but in the majority there is no difference at all.
Hardware Unboxed even made an April Fools video on it, teasing people who say they review CPUs incorrectly because they're always benched at 1080p.
Even their joke video proves there is no tangible difference, yet on here people are claiming this will cost the OP 20%-40%..?
OP - There is nothing wrong with your CPU. I don't know what the problem could be, but it's nothing to do with your 14700k vs modern X3D CPU
Edit - Check and update your motherboard bios and check which cores your games are running on. I had an old Asus Prime board which kept running games on my e-cores instead of p-cores which caused similar problems to what you describe. I fixed it by updating the bios and running windows update which fixed core allocation in games. The prime board was still useless though and kept trying to push my ffmpeg encoding to e-cores so I had to disable them until changing to a Gigabyte board and it's been fine ever since