The manual says:
Generated functions can achieve high efficiency at run time, but come with a compile time cost: a new function body must be generated for every combination of concrete argument types. Typically, Julia is able to compile "generic" versions of functions that will work for any arguments, but with generated functions this is impossible. This means that programs making heavy use of generated functions might be impossible to statically compile.
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In this style of definition, the code generation feature is essentially an optional optimization. The compiler will use it if convenient, but otherwise may choose to use the normal implementation instead. This style is preferred, since it allows the compiler to make more decisions and compile programs in more ways, and since normal code is more readable than code-generating code
In practice I find that allowing it to use the non-generated version is trashing my performance. 50x slow down, and going from 0 allocations to nonzero.