I play games on a PS5 Pro or Xbox Series X and don't own a high-end PC.
(
A) 720p / Ultra Setting / HWRT (more Low-Resolution) / 30-40fps
(
B) 1440p / Mid Setting / w/o RT/ 60fps
Between (A) and (B), I think (B) looks better when playing on a 4K TV.
This is because no matter how beautiful and cutting-edge the graphics are, if the resolution and frame rate are too low, they will appear blurry and incomprehensible to console players.
Yotei and DS2 look crisp and sharp in 4K TV on the base PS5 (even if some of the graphics tech is outdated).
It would be difficult to achieve high resolution, frame rate, and advanced lighting at the same time on a 10-12 TFLOPS console.
As an example, here are some screenshots of Hellblade 2 that I took when playing on Xbox Series X. *30fps Mode