I can set my current monitor to a lower resolution and set it to 75, or 80hz. Even when I play a game at those refresh rates, as soon as my fps drops below the refresh-rate, I 'feel' input lag.
What you may feel is flicker, something really annoying on CRT screens.
The truth is that you don't need to maintain your framerate at the same speed as the screen refresh rate. That's hilarious.
Monitors are just DACs analyzing input. If they do not see new signal, they just keep displaying the same pixels. If something new arrives, they send it to the transistor matrix and starts to be displayed, row by row. That's why you see tearing with frame rates over the refresh rate unless you turn on V-Sync, because instead of launching new frames when you have them, refreshing pixel rows every X Hz from top to down, you send new frames when the whole pixel matrix has been drawn so the screen starts drawing a new frame when the last row of pixels has been refreshed (a full pass), i.e. you give enough time to get all the pixel rows properly refreshed without information from more than one frame if you can send new frames quicker than the screen can make full drawings.
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