I have been looking to upgrade my ryzen 1700 to a 3700x but as I game on a 38" ultrawide I'm not so sure it's worth it.
I found a vid on youtube testing a nvidia 3080 and at 4k my gains would be between 6 to 10 fps.
My monitor is freesync 75hz so now seems a bit pointless as I can put the money into a better gpu
You would probably be ok with those settings in a lot of titles. You’ll be very graphics top heavy, but if the 1700 can hold 60ish FPS with decent frame times and FreeSync it should be a pretty decent gaming experience.