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A 4K monitor would indeed look a lot better, but the issue, like you said, is 4K monitors being only 60hz right now, and that is the deal breaker for me.
I prefer smoothness over image quality, so until 4K monitors support 144hz, I will not even consider them. 1080p @ 144hz is far better than 4K @ 60hz, imo.
Even if there were 4K monitors with 120+ Hz, there's no graphics hardware in existence which could drive that kind of performance with the more demanding games unless maybe if you turn all the settings down. Sort of defeats the purpose of 4K