In-game FPS limiter not working correctly

On the PC version, I noticed when setting the frame rate limiter to 120fps, the game actually caps the fps at 100fps.

Setting to unlimited gets me 160+.

I'm running on a 120hz display in Virtual Fullscreen.

I confirmed the FPS cap by using ReShade's statistics. Unlimited is definitely smoother.

Wanted to tack on, setting frame rate to unlimited also seems to make load times significantly faster too. Anyway! Just wanted to pass that on..