Nice concise article on how to clear the Chromebook cache with explanations, screenshots and reasons as to why you may want to do this. Some of which may/ may not be attributed to security..I’ll let you make your own mind up.
https://www.ubuntupit.com/how-to-clear-cache-on-chromebook/
NOTE:
There are minor caveats in doing this such as:
1. Some website pre-defined user settings are removed
2. Some websites take slightly longer to load as they need to display refreshed content.
Nevertheless, a purge and refresh every now and then that boosts overall performance can’t be a bad thing, can it?