Yes,
My monitor was set to 240Hz. So, I configured it in the NVIDIA control panel to sync at half the refresh rate (Adaptive half refresh rate), which means it will sync at 120Hz.
I limited it to 120 in RivaTuner.
With frame generation turned off, my simulator produces 80fps. Using SM, it delivers 120 synced fps, and there’s still some headroom.
It feels very smooth, and the latency stays at normal levels without stuttering or artifacts.
It turned out great here.