I recently encountered a query that deadlocked on itself because it used a parallel execution plan and updated multiple indexes in a manner that the different threads could conflict with each other.

Naively one would expect that no individual UPDATE or INSERT statement could deadlock in isolation… but there you go.

> With serializable, you need to be a little careful not to have hot rows. Avoid them by sharding commonly written values

Unfortunately, serializable isolation requires detecting or preventing read-write conflicts (i.e. one transaction writing a row that a concurrent transaction has read). This is the performance impact of serializability: you need to be very careful what you read, because if you read too many rows you prevent any concurrent transactions from updating those same rows. Read-only transactions are OK (because MVCC), and read-only tables are OK (because there's no read-write conflict if a table is mostly read only), but tables that are both written and heavily read are where you get performance problems.

With snapshot isolation (e.g. Oracle's serializable, Postgres repeatable read), only write-write conflicts matter. There it doesn't matter what a transaction reads, and reads never need to block (or abort) writers. So what you say is true for snapshot, but not for serializable.

Interestingly, serializable's lack of need to detect write-write conflicts means that (in some implementations) it can be faster than snapshot for blind writes (i.e. anything that's not a read-modify-write under the covers).