Monitors are so much more than just MS(pixel response).
First thing to look at is panel type.
TN. Fast pixel response with somewhat less accurate color(you can get pretty good TN panels still). The colors are generally darker at the top because of color shift(this is less of an issue on smaller panels like 22inch and under). Blacks are not quite black because they can not block the back light fully[this varies from panel to panel]. This panel type has rather average contrast ratios in the 800:1 to 1000:1
IPS. Slower(but getting MUCH faster, i consider that Acer to be VERY good for IPS because is pixel response is pretty even). Almost no color shift so colors look the same top or bottom. The biggest downfall to IPS aside of slower pixel response is they glow on dark scenes(older ones or units with a true white polarizer do not have this issue, but they rarely use this to cut costs.).
This type of panel has similar contrast to TN, but sometimes a bit better.
VA. The slowest of the slow. These panels have no glow the highest contrast and deepest blacks. Pixel response time is the main issue on VA panels. VS panels are a bit darker when viewed head on(or a bit light when viewed at an angle
).
VA VS IPS. Some users do not mind the glow, but it IS a killer for me.
Now onto the parts that may hurt your head.
Pixel response time is not the same on all color transitions. So a panel that has a 1ms from black to grey it may still be 3.8 from black to white. The panel type determines how fast these transitions are.
Moving on to
overdrive
Overdrive applies a higher voltage to the screens subpixels to speed up the pixel response. Sounds great no? and it can be if done properly. The downside is that if you push it too hard it will overshoot the color before settling on the color it is supposed to be. This causes what is called inverse ghosting and was nearly unheard of hears ago.
The extreme setting is what happens with too much overdrive.
Image from TFT Central
What does all this have to do with MS? All monitor makers use overdrive to get these lower pixel response times.
It will ALWAYS be best to check a review site like TFT Central for monitor information because they go into great detail testing screens allowing you to see what to expect from various pixel transitions. They also include images of screens to show glow and viewing angles.
One such thing is this image of the
Asus pg278q
and this is the
Acer XB270HU
You will also want to look at input delay, but most of these monitors are very fast in that respect.