Panel Types Pros and Cons of Each

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TN/VA:
+ Cheap.
+ Fast.
-Cant be found in as high resolutions as IPS and PLS.
These are pretty much the baseline, as your standard monitor is typically a TN

120Hz TN:
+Very fast, can refresh the image twice as fast as the other panels allowing an FPS of up to 120 to be displayed.
- Expensive compared to normal TN and 1080p IPS monitors.
- Limited to 1920x1080.

IPS:
+ Superior Colour reproduction than TN.
+ Wider Viewing angles than TN.
+ Typically can be found in higher resolutions than TN.
+ Believe it or not, but 1440p IPS panels can overclock the refresh rate. Not much though, typically to ~65Hz before it stops.
- Response times are slower than TN.
- More expensive than TN.

PLS:
+ Typical IPS benefits pushed a bit further
+ Faster...
TN/VA:
+ Cheap.
+ Fast.
-Cant be found in as high resolutions as IPS and PLS.
These are pretty much the baseline, as your standard monitor is typically a TN

120Hz TN:
+Very fast, can refresh the image twice as fast as the other panels allowing an FPS of up to 120 to be displayed.
- Expensive compared to normal TN and 1080p IPS monitors.
- Limited to 1920x1080.

IPS:
+ Superior Colour reproduction than TN.
+ Wider Viewing angles than TN.
+ Typically can be found in higher resolutions than TN.
+ Believe it or not, but 1440p IPS panels can overclock the refresh rate. Not much though, typically to ~65Hz before it stops.
- Response times are slower than TN.
- More expensive than TN.

PLS:
+ Typical IPS benefits pushed a bit further
+ Faster than an IPS but only equal or slower in speed to TN
- Even more expensive.

Never heard of WVA.
 
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