Hello,
We tried the compression feature.
You "can see" a benefit only if you have a shared storage. ( and again, the migration between 2 nodes is already very fast, we don't see major difference, but maybe a VM will a lot of ram ( >32GB ) can see a difference.
If you don't have a shared storage ( like XOSTOR, NFS, ISCSI ), then you will not see any difference because there is a limitation of 30MB/s-40MB/s ( see here: https://xcp-ng.org/forum/topic/9389/backup-migration-performance )
Best regards,