While it has been widely documented that SSTs over the MDR are cooler than 2005, 2010, and 2017, I decided to take a look at some other hyperactive (153+ ACE) seasons since 1995 and see how they compare to 2020. I used a monthly average from April 20-May 19 to eliminate noise. The MDR is pretty similar to 2004, and actually warmer than 1999 and 2003 over the same time span.
Here's 2020 for reference:

1995: The MDR was mostly warmer than 2020 overall, though parts of the eastern tropical Atlantic were cooler than normal (which interestingly is warmer than normal in 2020).

1996: The eastern MDR was warmer than normal, but the western MDR and Caribbean were actually cooler than normal.

1998: The MDR was warmer than normal throughout. Solidly warmer than 2020. The MDR is typically warmer than normal the spring following significant El Ninos, due to reduced low-level winds in the MDR during winter as a result of more frequent -NAO.

1999: The MDR was generally cooler than normal, definitely cooler than 2020. However, notice that the eastern subtropical Atlantic was warmer than normal, similar to 2020. Anomalously warm SSTs in this region during May are positively correlated with activity as much as MDR SSTs. Despite the cool MDR during April/May, 1999 had five major hurricanes and an ACE of 178 units.

2003: The MDR was quite cool during April/May 2003 (definitely cooler than 2020), and the Atlantic actually somewhat resembled a -AMO pattern during this time. Although 2003 finished with a hyperactive ACE total, the ACE was generated largely as a result of two Cabo Verde type long trackers in Fabian and Isabel.

2004: This one was the most surprising. 2004 was an extremely strong season, with the season producing 6 major hurricanes and ~225 ACE. The MDR was not particularly warmer than normal in April/May 2004, it was slightly above average similar to 2020.

The truth is, just because a few spots in the MDR are cooler than normal does not necessarily mean the MDR will be dead or the season will be quiet. There are also some seasons with relatively warm MDRs that end up having limited activity in this region (such as the infamous 2013). It's far more complex than that. Just look at Florence in 2018 for an example, it reached Category 4 status over below-normal SSTs in the east-central MDR. I would expect at least 2-4 hurricanes to develop over the MDR this season.
In theory, this season has a significantly more favorable SST profile for the Atlantic than the past two (both of which finished above average in Atlantic activity by most metrics), along with a cooler ENSO.