With more then 1 Pod, you have a certain high availability. Your pod will die at one point, and if it is behind a controller (which is how is must be), it will be re-created, but you will have a small downtime.
Now, take into consideration that if you deploy more then one replica of your app, even though you give it 1/n resources, there is a base image and dependencies that are going to be replicated.
As an example, let's imagine an app that runs on Ubuntu, and has 5 dependencies:
If you run 1 replica of this app, you are deploying 1 Ubuntu + 5 dependencies + the app itself.
If you are run 4 replicas of this app, you are running 4 Ubuntus + 4*5 dependencies + 4 times the app.
My point is, if your base image would be big, and you would need heavy dependencies, it would be not a linear increase of resources.
Performance-wise, I don't think there is much difference. One of your nodes will be heavily bombed as all your requests will end up there, but if your nodes can handle it, there should be no problem.