No. The framerate with a G-Sync monitor always matches exactly what the card is pushing.
This is true. G-Sync is better for microstutters. I mean, I've had it correct issues in games where I would see a slight stutter every few seconds regardless of what was happening onscreen.
But then again, I haven't used vsync in years (always played with Vsync off) so having tearing gone is what I notice most. Since I played with Borderless Windowed mode in the recent years, I also managed to apply tripple-buffered-vsync, which minimized everything but didn't get rid of it completely.
No tearing and no input lag is truly great by the way. Worth the money just for that. ULMB sweetens the deal.