See my posts here http://www.neogaf.com/forum/showpost.php?p=142971910&postcount=6815 http://www.neogaf.com/forum/showpost.php?p=142958764&postcount=6809
There are absolutely no drops for me really at all when locked in this manner. Compared to unlocked or 60hz vsync, the game doesn't even reach 60FPS. It sits at 58/59 and there is a TON of microstuttering and framerate drops in battle (look at the video in one of my links above)