True, though these days 144Hz monitors are everywhere (Personally I used a CRT until LCDs were capable of 120Hz, not sure I could ever go back to 60), makes a big difference I think when down to a 7ms window. Using a mouse at 125 on a modern screen feels really janky.
The mouse measuring data every 1-2ms will increase the quality of the motion tracking, but it won't necessarily help you with latency unless the data gets to the game fast and the game handles the data quickly.
This explanation by John Carmack comes to mind... it's a good reminder against a lot of the hardware fetishism that is mixed into otherwise good advice about gaming setups. https://superuser.com/questions/419070/transatlantic-ping-fa...