Limiting Y level to 0?

Alright so i have a server running off 1.20.4 (soon 1.21) that alot of 1.8.8 players play on. Like --- 70% of our playerbase alot.
issue is that the 1.8 client cant render below y level 0. Everything else gameplay-wise works fine though.
My question is this: Is there going to be any significant impact on gameplay if we limit our y level to 0? I want the best of both worlds for 1.8 compatability but also gameplay for players on 1.20+
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