1 - The human eye can detect upwards of 300fps, 150hz is hardly flicker-free.
2 - the flickering at 18+khz (effect probably starts earlier, but i can't confirm that) starts effecting the nervous system through the eye (fatigued and aching eyes with no physical cause tends to be a symptom) and is worse than the hundreds of khz effecting the eye
the low thousands of khz should be fine for not effecting the nervous system much and being undetectable by the eye, if you're really sensitive to flicker you kinda have to check monitors out in store
Sorry, forgot I had made a reply here.
Anyways, 150Hz is in every practical way flicker-free for 99.99% of people, when talking about CRT phosphors, lightbulbs, etc, with natural "cooling down" times. It's not about whether human eye can distinguish the difference between 150Hz and 300Hz, because the impression of flicker disappears earlier. I have never met anybody that would have experienced a 150Hz CRT screen as flickering. Most people don't notice it after 85Hz, and even less after 100 or 120Hz.
Regarding 18kHz (that's 18 000 Hz, you know that, right?) and hundreds of kHz's (or even thousands?! that's 1000 kHz = 1 000 000 Hz = 1 MHz) with relation to the nervous system: I have never heard anything about that sort of thing causing problems...? At that frequency, I'd think even the LED is bound to stay lit "all the time" (with regards to the before-mentioned cooling time). The highest consumer-grade CRT frequency I can remember talked about was around 200 Hz (excluding horizontal scanning, which is in kHz-range). I've only witnessed 160 Hz, myself.
But I have heard (and noticed it myself) that when the backlight is set too bright, the eyes will start to ache after a while. This is also individual, though certainly one aspect to look into, especially if using the monitor in darker rooms.
In relation to this: some (maybe even most) manufacturers control the TFT monitor brightness by decreasing the PWM's duty-cycle ratio (ratio between on and off), thus lowering the perceived brightness, but at the same time making the flicker easier to notice, because the "dark phase" lasts longer. That's why lowering the brightness can sometimes cause even more aching to the eyes. This is apparently more common with LEDs, because LED's brightness can't be so easily controlled with voltage, thus making duty-cycle controlling the preferred option with them.
PS. Still hear-say and common logic, no formal surveys or such done in any way.
PS2. At 100-300 Hz range I am willing to believe there is a possibility that our nervous system can detect something that our eyes aren't telling us directly, and that this sort of thing could cause problems like headaches, but if it's in the kHz or MHz range, then that's harder to agree to.