The accurate estimation of forest aboveground biomass (AGB) in areas with complex terrain is very important for quantifying the carbon sequestration capacity of forest ecosystems and studying the regional or global carbon cycle. In our previous research, we proposed the radiometric terrain correction (RTC) process for introducing normalized correction factors, which has strong effectiveness and robustness in terms of the backscattering coefficient of polarimetric synthetic aperture radar (PolSAR) data and the monadic model. However, the impact of RTC on the correctness of feature extraction and the performance of regression models requires further exploration in the retrieval of forest AGB based on a machine learning multiple regression model. In this study, based on PolSAR data provided by ALOS-2, 117 feature variables were accurately extracted using the RTC process, and then Boruta and recursive feature elimination with cross-validation (RFECV) algorithms were used to perform multi-step feature selection. Finally, 10 machine learning regression models and the Optuna algorithm were used to evaluate the effectiveness and robustness of RTC in improving the quality of the PolSAR feature set and the performance of the regression models. The results revealed that, compared with the situation without RTC treatment, RTC can effectively and robustly improve the accuracy of PolSAR features (the Pearson correlation R between the PolSAR features and measured forest AGB increased by 0.26 on average) and the performance of regression models (the coefficient of determination R2 increased by 0.14 on average, and the rRMSE decreased by 4.20% on average), but there is a certain degree of overcorrection in the RTC process. In addition, in situations where the data exhibit linear relationships, linear models remain a powerful and practical choice due to their efficient and stable characteristics. For example, the optimal regression model in this study is the Bayesian Ridge linear regression model (R2 = 0.82, rRMSE = 18.06%).