Quality mode is broken currently on PS4 Pro (and on PS5 in backwards compatibility) and is not as graphically impressive as it was at release. You will get a solid 60fps performance though on the PS5.
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Performance is great in both modes, graphically it's arguably better in Quality mode but, not as good as it used to be on Pro at release.
So yes. Quality mode should still give you 60fps on the PS5.
Both modes on the PS4 Pro target 60fps. The Pro struggles on Quality to maintain this, the PS5 doesn't appear to.
I don't think anyone has done an actual proper performance test on PS5 which confirms this performance. So it's all a bit subjective.
That's interesting, thanks for that, nice to have confirmation of what I think I am experiencing with it so far.
On my PS5 the speed of the menu's alone is good reason to play on PS5, but battles with many ships where the PS4 pro struggled, the PS5 has no issues at all.
Frontier could get a lot of interest if they looked at doing a 4k quality mode patch on the PS4 version that the PS5 could use. With the delay to console version until later in the year it could bridge the gap a bit and bring some money in.