It lets you avoid tearing even if the sender starts acting weird.
There is also a lot more to latency than just refresh rate. Retro RGB, My Life in Gaming, Digital Foundry and more have volumes on digital signal latency, and it is not as simple as getting a high refresh rate monitor or television. The TV itself can add latency. If going through a receiver, it can add latency. Need to scale a signal from 720p or 1080p to 4K? Maybe you’ll add latency, maybe you won’t. If the display doesn’t have a fast scaler, external devices can be used which will reduce the total latency, even though they may add some of their own (10-33ms).
Though after looking it up: seems hard to find, some quote as little as 1ms, but the general trend is towards 4-5ms, so 200fps in theory. Learn something new every day.
I suppose in that case, then it really just comes down to people having fond memories of lugging their CRTs to lans, but not wanting to re-enact it when we have great >=27" 144hz 4k monitors that are also like 10mm thick :p
I couldn't imagine how big and heavy a CRT with similar specs to modern displays would be!
https://twitter.com/AndrewKemendo/status/1738948621238694167
At least 40lbs
Funny story, one of my best friends, former head of BD for confluent and former power lifter got this CRT for me and literally carried this massive thing down the street in downtown DC to deliver it to me. Ha!