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AFAIK its like vsync in that regard - if you have g-sync enabled it will cap at the monitor refresh rate.
If gsync is enabled the frames lock to the maximum refresh, so on a 144hz monitor it won't go over 144fps.
I guess you intend to be running over 144fps then?
G-sync reduces or eliminates the input lag from vsync (more so when using a refresh rate >60Hz) while also preventing tearing. Still wouldn't be quite as good as having vsync off for input latency though.