I have an update to this and a fixture.
I upgrading the laptop to ventura 13.2 and the AddressBookSourceSync process still went up to 100% after turning on Contacts syncing in the cloud section.
Here is what I did to fix the issue:
1) turned off Contacts in my icloud settings.
2) Logged out of my Apple ID
3) Rebooted
4) logged back in to my Apple ID
5) turned on Contacts in my icloud settings.
CPU went up a little bit during the sync
but eventually the sync stopped and my addressbook has my icloud addresses.
It has been a few days and everything has been fine, and I have not even seen the AddressBookSourceSync when I check my activity monitor.