Not really. Monitors do poorly at lower refresh rates (anything under 50Hz, hence HDMI2.1 for example only doing 48-60 on 60Hz but on a 120Hz it can use LFC to multiply lower framerates). If you drop to 47FPS on a 60Hz VRR display you lose VRR or get other issues (flickering, persistence, etc). If you drop to 47FPS on a 120Hz VRR display it doubles it to 94 and you’re still smooth.