#144179 added recording of values to the trace recorder.
It also fixed some correctness issues around calls and returns (and sends and yields), but the optimizer hasn't caught up, resulting in a performance drop.

To fix that we need to:

• optimize away the new guards, using function and code watchers.
• convert recorded functions and guarded code/function values into known constants in the optimizer
• Likewise for recorded code objects

Linked PRs

• GH-144651: Optimize the new uops added when recording values during tracing. #144948
• gh-146018: Disable over-aggressive optimization for _GUARD_CODE_VERSION #145923