There's a big difference between slow as molasses and one frame of 16ms (which you sacrifice in exchange for no screen tearing). Unless you're really into high rank competitive shooters, I doubt you can even tell that 1 frame delay is happening.

Also, make sure you use the right config - there are actual issues with some competitors which are not Wayland architecture issues. For example https://github.com/swaywm/sway/issues/4763