When powerd tries to adjust the frequency of a core which is CPU bound running a kernel thread (typically a NIC driver ithread, or iflib gtaskq), it can get "stuck" since its lower priority than the kernel thread. Worse, it is stuck holding Giant, which causes many things to seem to "freeze". This leads to the CPU-bound kernel thread continuing to run on a down-clocked core, and terrible performance.
If we temporarily boost powerd's priority for the duration of the frequency adjustment, then the core will get up-clocked immediately, and we'll have much better performance.
PI_NET - 1 was chosen for the boosted prio, as I've seen this most frequently with NIC ithreads and iflib gtaskqs.