Zoom is the one genuine reason to keep resolution
Most advice about web images assumes nobody looks closely. Product photography is the exception: customers zoom in to check the weave of a fabric, the finish on a metal, the stitching on a seam. That is a real commercial function, and stripping the resolution that supports it costs conversions in a way page speed will not show you.
The discipline is to be generous with exactly one image per product and ruthless with all the others. A single 250 KB master and eight 20 KB thumbnails is a fast page. Eight 250 KB images is not.