If my understanding of the code is correct, the table is pretty irrelevant. The feature will tar up whatever it can find in your git repository with source code and all and upload it to Domens server. Opting out will only add a flag to the url stating you don’t want all that tarball to be used as telemetry, but the upload happens none the less.
That would be a very liberal interpretation of the word “telemetry”.
Given that, if you’d run that on an existing code base that you do not own / is proprietary, I think the legal term is “You’re f***ed”, but INAL