It takes you ~100-400ms just to blink... No, you have a placebo effect on latency. You have been trained by marketing to "feel" the difference.
I think if anything, a response time with frame rate, BFI, and other technologies can be perceived as faster or slower. I remember watching my first 120hz TV for a movie... 24fps x 5 = 120hz so I worked out to be really smooth. 24 x 2.5 = 60hz so it wasn't really "good looking" perspectively for an uneven fps/refresh rate, even if the 60hz monitor/TV had better specs, the way the 24 fits the 120 made appearance better.