bro it really depends on your hardware and personal preference, you should try it yourself and see what fits you best
but as my own expecience trying many settings over the years this is what i think works better, at least for me:
- if you are playing at a lower resolution or games that you need better visibility set it to balanced/quality.
- games that you play at native resolution or high res everything on low/performance.
at valorant i play on 1920x1080 everything on low/off, remember to turn on NVIDIA reflex low latency.
also, putting everything on low doesn't always mean you'll get better FPS, i sometimes get a smoother frame rate by increasing some settings.
u can tell me if you need help with something or have any questions :)