For some, but it's just that it's diminishing returns as you go up. 60 going to 120 is about as visually distinct as going 120 to 240, and then 240 to 480.
I have had a 120hz, 144hz, and 165hz monitors in my house, and although the 120-144 jump was pretty much undetectable to me, thr 120-160 was smoother but not like when I first moved to 120.
I'm colorblind though, so color accuracy doesn't always do much for me until my wife points out people's skin looking weird if I've switched to a color palette that's easier to track for me.