I noticed the low graphics preset makes the viewer slower than anything higher.
To reproduce it :
1° Show fps using the improve graphics window for instance
2° Go graphics preferences, set the slider to Low -> 80 fps
3° Set the slider to Low-Mid -> 240 fps
4° Set the slider to High -> 130fps
In a completely empty sim, i actually got better fps with the slider set to Ultra vs Low
It happens on a macbook pro M2 Pro
It doesn't happen on a windows pc with nvidia graphics (where the low preset logically shows better fps).