The docs for `blocksonly` say that "Transactions from the wallet or RPC are not affected" but the code says:

    if (gArgs.GetBoolArg("-blocksonly", DEFAULT_BLOCKSONLY) && gArgs.SoftSetBoolArg("-walletbroadcast", false)) {
        LogPrintf("%s: parameter interaction: -blocksonly=1 -> setting -walletbroadcast=0\n", __func__);
    }

Here's the relevant documentation:

    -blocksonly
       Whether to reject transactions from network peers. Transactions from the
       wallet or RPC are not affected. (default: 0)

    -walletbroadcast
       Make the wallet broadcast transactions (default: 1)

Doesn't that imply that `blocksonly` *does* affect transactions from the wallet?

gArgs.AddArg("-assumevalid=<hex>", strprintf("If this block is in the chain assume that it and its ancestors are valid and potentially skip their script verification (0 to verify all, default: %s, testnet: %s)", defaultChainParams->GetConsensus().defaultAssumeValid.GetHex(), testnetChainParams->GetConsensus().defaultAssumeValid.GetHex()), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-blocksdir=<dir>", "Specify directory to hold blocks subdirectory for *.dat files (default: <datadir>)", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
#if HAVE_SYSTEM
    gArgs.AddArg("-blocknotify=<cmd>", "Execute command when the best block changes (%s in cmd is replaced by block hash)", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
#endif
    gArgs.AddArg("-blockreconstructionextratxn=<n>", strprintf("Extra transactions to keep in memory for compact block reconstructions (default: %u)", DEFAULT_BLOCK_RECONSTRUCTION_EXTRA_TXN), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-blocksonly", strprintf("Whether to reject transactions from network peers. Transactions from the wallet, RPC and relay whitelisted inbound peers are not affected. (default: %u)", DEFAULT_BLOCKSONLY), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-conf=<file>", strprintf("Specify configuration file. Relative paths will be prefixed by datadir location. (default: %s)", BITCOIN_CONF_FILENAME), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-datadir=<dir>", "Specify data directory", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-dbbatchsize", strprintf("Maximum database write batch size in bytes (default: %u)", nDefaultDbBatchSize), ArgsManager::ALLOW_ANY | ArgsManager::DEBUG_ONLY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-dbcache=<n>", strprintf("Maximum database cache size <n> MiB (%d to %d, default: %d). In addition, unused mempool memory is shared for this cache (see -maxmempool).", nMinDbCache, nMaxDbCache, nDefaultDbCache), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-debuglogfile=<file>", strprintf("Specify location of debug log file. Relative paths will be prefixed by a net-specific datadir location. (-nodebuglogfile to disable; default: %s)", DEFAULT_DEBUGLOGFILE), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-feefilter", strprintf("Tell other nodes to filter invs to us by our mempool min fee (default: %u)", DEFAULT_FEEFILTER), ArgsManager::ALLOW_ANY | ArgsManager::DEBUG_ONLY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-includeconf=<file>", "Specify additional configuration file, relative to the -datadir path (only useable from configuration file, not command line)", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-loadblock=<file>", "Imports blocks from external file on startup", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-maxmempool=<n>", strprintf("Keep the transaction memory pool below <n> megabytes (default: %u)", DEFAULT_MAX_MEMPOOL_SIZE), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-maxorphantx=<n>", strprintf("Keep at most <n> unconnectable transactions in memory (default: %u)", DEFAULT_MAX_ORPHAN_TRANSACTIONS), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-mempoolexpiry=<n>", strprintf("Do not keep transactions in the mempool longer than <n> hours (default: %u)", DEFAULT_MEMPOOL_EXPIRY), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-minimumchainwork=<hex>", strprintf("Minimum work assumed to exist on a valid chain in hex (default: %s, testnet: %s)", defaultChainParams->GetConsensus().nMinimumChainWork.GetHex(), testnetChainParams->GetConsensus().nMinimumChainWork.GetHex()), ArgsManager::ALLOW_ANY | ArgsManager::DEBUG_ONLY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-par=<n>", strprintf("Set the number of script verification threads (%u to %d, 0 = auto, <0 = leave that many cores free, default: %d)",
        -GetNumCores(), MAX_SCRIPTCHECK_THREADS, DEFAULT_SCRIPTCHECK_THREADS), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-persistmempool", strprintf("Whether to save the mempool on shutdown and load on restart (default: %u)", DEFAULT_PERSIST_MEMPOOL), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-pid=<file>", strprintf("Specify pid file. Relative paths will be prefixed by a net-specific datadir location. (default: %s)", BITCOIN_PID_FILENAME), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-prune=<n>", strprintf("Reduce storage requirements by enabling pruning (deleting) of old blocks. This allows the pruneblockchain RPC to be called to delete specific blocks, and enables automatic pruning of old blocks if a target size in MiB is provided. This mode is incompatible with -txindex and -rescan. "
            "Warning: Reverting this setting requires re-downloading the entire blockchain. "
            "(default: 0 = disable pruning blocks, 1 = allow manual pruning via RPC, >=%u = automatically prune block files to stay under the specified target size in MiB)", MIN_DISK_SPACE_FOR_BLOCK_FILES / 1024 / 1024), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-reindex", "Rebuild chain state and block index from the blk*.dat files on disk", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
    gArgs.AddArg("-reindex-chainstate", "Rebuild chain state from the currently indexed blocks. When in pruning mode or if blocks on disk might be corrupted, use full -reindex instead.", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
#ifndef WIN32
    gArgs.AddArg("-sysperms", "Create new files with system default permissions, instead of umask 077 (only effective with disabled wallet functionality)", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);